In the aggregate economy, the interest rate represents:
A) the opportunity cost of holding money balances.
B) the rate of growth of the nominal money stock.
C) the price of non-money assets.
D) an index of the credit-worthiness of borrowers.
Correct Answer:
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Q40: The overall quantity of money balances demanded:
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Q47: A transactions demand for money exists, because:
A)
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