(a)[12]
Explain whether the liquidity preference theory of the demand for money is applicable to the use of credit cards.
(b)[13]
Use the liquidity preference theory to discuss the possible consequences of a rise in the supply of money.
Economics 9708 · AS & A Level · Oligopoly
Explain whether the liquidity preference theory of the demand for money is applicable to the use of credit cards.
Use the liquidity preference theory to discuss the possible consequences of a rise in the supply of money.