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In the country of Olympia, the banks conduct a campaign in which each debit card holder receive large bonus prizes for using their debit cards
In the country of Olympia, the banks conduct a campaign in which each debit card holder receive large bonus prizes for using their debit cards for purchases. In the same time credit card holders have to pay a large fee for using their credit cards. Explain (with words + graph) how this scenario would impact the money market and its components in the long run?
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