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Ao9 Ao9
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Posts: 1908
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8 years ago
An increase in the nominal interest rate increases the quantity of credit card services because
A) of intertemporal substitution.
B) the opportunity cost of making transactions with money has risen.
C) the substitution effect is greater than the income effect.
D) bank profits go up.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
Read 170 times
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GordisGordis
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Posts: 1906
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8 years ago
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Ao9 Author
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#2
8 years ago
You're sharp, thanks!
wrote...
#3
8 years ago
You're welcome Wink Face Message me if you need any more assistance with your other questions.
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