Other things being equal, the quantity of money that people wish to hold in currency and their checking accounts can be expected to:

Name: Other things being equal, the quantity of money that people wish to hold in currency and their checking accounts can be expected to:
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Question

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As the interest rate increases, the opportunity cost of holding money increases, leading people to hold less money in currency and checking accounts, preferring to invest in interest-bearing assets instead.

Other Things Being Equal, the Quantity of Money That People