A) a reduction in seignorage.
B) an increase in seignorage.
C) no change in seignorage.
D) an ambiguous effect on seignorage.
ANSWER:
A) a reduction in seignorage.
A) a reduction in seignorage.
B) an increase in seignorage.
C) no change in seignorage.
D) an ambiguous effect on seignorage.
ANSWER:
A) a reduction in seignorage.