If credit card usage exhibits a sharp increase, there is
A) an upward movement along the demand for money curve.
B) a downward movement along the demand for money curve.
C) a rightward shift of the demand for money curve.
D) a leftward shift of the demand for money curve.
E) a leftward shift of the supply of money curve.

Question

Quizplus · Accepted Answer

An increase in credit card usage reduces the need for holding cash, leading to a leftward shift in the demand for money curve.

If Credit Card Usage Exhibits a Sharp Increase, There Is