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Joan Has the Following Assets and Liabilities What Is Joan's Money Demand?
A)$200
B)$300
C)$500
D)$1,500

Question 20

Multiple Choice

Joan has the following assets and liabilities:  Credit card balance $1,000 Cash $200 Government bonds $3,000 Checking $300 Car loan balance $10,000 Car $15,000\begin{array}{l|r|}\hline \text { Credit card balance } & \$ 1,000 \\\hline \text { Cash } & \$ 200 \\\hline \text { Government bonds } & \$ 3,000 \\\hline \text { Checking } & \$ 300 \\\hline \text { Car loan balance } & \$ 10,000 \\\hline \text { Car } & \$ 15,000 \\\hline\end{array}  
What is Joan's money demand?


A) $200
B) $300
C) $500
D) $1,500

Correct Answer:

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