The demand for currency depends
A) negatively on the price level.
B) negatively on real GDP.
C) positively on the market rate of interest.
D) positively on the rate of interest paid on checking accounts.
E) none of the above.

Question

Quizplus · Accepted Answer

The demand for currency typically depends positively on the price level and real GDP, and negatively on the market rate of interest and interest paid on checking accounts.

The Demand for Currency Depends