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If Banks Closed and ATMs Limited Withdrawals to 3 a Week

Question 33

Multiple Choice

If banks closed and ATMs limited withdrawals to 3 a week and no more than $100 per withdrawal, what would be the most likely result?


A) A rapid growth in the economy as people began to trade more directly with each other.
B) Governments would start to refuse payment of taxes in cash.
C) Consumers would lose all incentive to hold cash.
D) Businesses would start to demand payment in cash.
E) Importers would make expanded use of credit.

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