DSE 17-30

Electronic payment systems allow customers to pay without cash. ApplyPay, Visa payWave and MasterCard paypass are some of the examples.

When more shops accept these electronic payment systems as a method of payment,

(1) their cost of handling coins and notes will fall.

(2) the actual banking multiplier may increase.

(3) transactions demand for money will increase.

A. (1) and (2) only

B. (1) and (3) only

C. (2) and (3) only

D. (1), (2) and (3)