Speaking of the Demand for Money

Multiple Choice

Speaking of the demand for money

A) makes no sense in a modern society in which most people use credit cards
B) makes no sense in a modern society in which most people use checks
C) makes sense in a modern society in which most people use checks,since demand deposits are included in M1,but it does not make sense in a society in which the primary payment is by credit card
D) makes sense in a modern society in which most people use credit cards,since credit cards are included in M1,but it does not make sense in a society in which the primary payment is by check
E) is relevant even in a society in which primary payment is by credit card,since eventually all accounts must be settled with money