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.
Correct Answer:
Verified
Q29: Which of the following is a function
Q30: A major source of inefficiency in barter
Q31: The statement "this Harry Rosen tie costs
Q32: When a grocery store accepts your $5
Q34: A car dealer sells you a car
Q37: A barter economy is an economy where
A)goods
Q38: Among potential stores of value, money
A)offers the
Q42: What are the four functions of money?
Q46: Would the invention of money,as opposed to
Q52: If gold is used as money in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents