Related to the Economics in Practice on p.531: The increase in the number of ATMs in Italy has had what impact on the market for cash?

Question

Quizplus · Accepted Answer

The increase in the number of ATMs in Italy has made it easier for people to access cash, which has likely decreased their demand for holding physical currency. This is supported by data cited in the article, which shows a decline in the amount of cash in circulation relative to GDP. Therefore, the increase in the number of ATMs has likely led to a decrease in the demand for cash.

Related to the Economics in Practice on P