Multiple Choice
The opportunity cost of holding money increases when
A) the nominal interest rate rises.
B) consumers' real incomes increase.
C) the price level falls.
D) the purchasing power of money rises.
Correct Answer:
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Related Questions
Q2: Which of the following is a liability
Q3: Q5: A medium of exchange is Q6: M1 is a measure of Q8: If the desired reserve ratio is 3 Q9: Controlling the quantity of money and interest Q10: Reserves are .
A)the thing traded
A)money and includes
A)gold in a bank's vault
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