1.

Total number of transfaction will decrese because removing card will create discomforts to pay
in consequence the velocity will decrease.

Supply of Money
final goal of bonds from goverment is to cover annual defficit of the end of the year
T-bills cover short term , short perioud defficites

C
C
F

Higher interest rate lower price of the bond

C
Pc =
i

C - yearly coupon
i – annual interest rate
Pc – price