suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. how does

Question

ss7ja [257]

2 years ago

13

suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. how does

this event affect the demand for money?

Business

1 answer:

stepladder [879] · Answer 1 · 2024-01-16T20:57:47+03:00

Suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. If people need to hold less cash, the demand for money is less at any price level so it shifts left.

<h3>What are bank regulations?</h3>

Generally, Bank regulation is a type of governmental regulation that subjects banks to particular requirements, restrictions, and guidelines.

The purpose of bank regulation is to create market transparency among banks and the individuals and companies with whom they continue to do business, among other things.