Smart cards will not much affect the demand for money if
A) the money supply is defined to include smart card balances.
B) the money supply is defined to exclude smart card balances.
C) the balance of the smart card is not considered to be electronic money.
D) the reserves of the card issuing institution fall when the smart card is "loaded" with funds from an account the customer already has at that institution.
Correct Answer:
Verified
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