Figure 15-1
-Refer to Figure 15-1. At which interest rate is there an excess money supply?
A) 0 percent
B) 2 percent
C) 3 percent
D) 4 percent

Name: Figure 15-1 -Refer to Figure 15-1. At which interest rate is there an excess money supply? A) 0 percent B) 2 percent C) 3 percent D) 4 percent
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Question

Figure 15-1 
-Refer to Figure 15-1. At which interest rate is there an excess money supply?
A) 0 percent 
B) 2 percent 
C) 3 percent 
D) 4 percent

Quizplus · Accepted Answer

At an interest rate of 4 percent, the quantity of money supplied exceeds the quantity of money demanded, leading to an excess money supply.

Figure 15-1 -Refer to Figure 15-1. at Which Interest Rate Is There