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