Arrange the following steps to illustrate the relationship between reduced credit card fees and the shift in money demand: A) Consumers prefer to use credit cards due to lower fees, B) Demand for physical money decreases, C) The money demand curve shifts leftward, D) Market interest rates are influenced by the shift in money demand.

When credit card fees are reduced, consumers find it more appealing to use credit cards instead of cash. This preference leads to a decrease in the demand for physical money, as people rely more on their credit cards for purchases. As a result, the money demand curve shifts leftward, indicating that less physical cash is needed. This shift can also influence market interest rates, as the supply and demand for money interact in the economy. For example, if many people start using credit cards, banks may lower interest rates on loans because they have more cash available from reduced physical cash demand.