Author Question: An increase in the nominal interest rate increases the quantity of credit card services because ... (Read 34 times)

colton · **on:** Jun 30, 2018

An increase in the nominal interest rate increases the quantity of credit card services because

A) bank profits go up.
B) of intertemporal substitution.
C) the opportunity cost of making transactions with money has risen.
D) the substitution effect is greater than the income effect.

Question 2

Gross income net of taxes is known as ________.

A) Gross Domestic Product, or GDP
B) disposable income
C) Gross Domestic Product per capita
D) retained earnings