The Price of Holding Money Balances Is Equal to the

The price of holding money balances is equal to the

A) price of bonds that could have been purchased with those money balances.
B) price of goods and services that could have been purchased with those money balances.
C) the interest rate that could have been earned had those money balances been invested in an interest-bearing alternative (e.g.,a bond) .
D) any of the above