The opportunity cost of holding money balances rather than other assets is
A) the price level.
B) forgone liquidity.
C) forgone consumption.
D) the nominal interest rate.
Correct Answer:
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Q44: Which of the following is NOT included
Q45: Q46: The major role of a commercial bank Q47: The risk of making a loan is Q49: Money is Q50: If an economy has no money, then Q51: Modern Australian commercial banks perform all of Q52: If an economy tried to use bananas Q53: Which of the following is a liability Q405: Which of the following equations represents the
A)the
A)equivalent to barter.
B)a means of payment.
C)currency
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