Mary Chestnut Reported in Her Diary That, During the Civil

Multiple Choice

Mary Chestnut reported in her diary that, during the Civil War, she became much less willing to hold "'Confederates," currency issued by the Confederate State of America. Assuming that this change in preferences was widespread in the South, it suggests

A) a reduction in the demand for money and a reduction in velocity.
B) a reduction in the demand for money and an increase in velocity.
C) an increase in the demand for money and a reduction in velocity.
D) an increase in the demand for money and an increase in velocity.