The increased use of credit cards leads to
A) a rightward shift in the demand for money curve.
B) a movement upward along the demand for money curve.
C) a leftward shift in the demand for money curve.
D) a movement downward along the demand for money curve.
E) no movement along the demand curve for money nor a shift in the demand curve.

Question

Quizplus · Accepted Answer

The increased use of credit cards means that consumers are using less physical currency to make purchases. This decreases the demand for money, which would shift the demand for money curve to the left.

The Increased Use of Credit Cards Leads to