7. (2pts) Which of the following is NOT a feature of the Andolfatto model? A. Monopolistic banks B. Presence of workers who have as well as those who lack bank accounts C. Meetings in which payments can only be made with a specific instrument D. Government debt and taxation 8. (2pts) In the model by Zijian Wang on 'Tax compliance, Payment Choice, and Central Bank Digital Currency', sellers may choose to hold cash because A. It is the most liquid payment instrument B. They can avoid processing fees associated with deposits C. It has a probability of not being detected in an audit D. It can be used to evade sales taxes 9. (2pts) In the model by Zijian Wang, the following holds A. Introducing a cash-like CBDC raises output and reduces tax evasion B. Introducing a deposit-like CBDC lowers output and tax evasion C. CBDC is indexed by the interest rate paid and degree of anonymity D. Banks are imperfectly competitive