Since 1960, the ratio of checking deposits to GDP in the United States has
A) risen sharply, indicating a strong positive correlation between the demand for checking deposits and the real interest rate.
B) held remarkably constant, indicating no correlation between the demand for checking deposits and the real interest rate.
C) fallen steadily, indicating, a positive correlation between the demand for checking deposits and the real interest rate.
D) fallen steadily, indicating, because interest rates were stable over the period, no information about the correlation between the demand for checking deposits and the real interest rate.
E) none of the above.

Question

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The Answer of Since 1960, the ratio of checking deposits to GDP in the United States has
A) risen sharply, indicating a strong positive correlation between the demand for checking deposits and the real interest rate.
B) held remarkably constant, indicating no correlation between the demand for checking deposits and the real interest rate.
C) fallen steadily, indicating, a positive correlation between the demand for checking deposits and the real interest rate.
D) fallen steadily, indicating, because interest rates were stable over the period, no information about the correlation between the demand for checking deposits and the real interest rate.
E) none of the above.

Since 1960, the Ratio of Checking Deposits to GDP in the United