The amount of wealth that an individual wishes to hold as money is determined by

Name: The amount of wealth that an individual wishes to hold as money is determined by
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Question

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The amount of wealth an individual wishes to hold as money is influenced by the price level, real income, and the interest rate. The price level affects the purchasing power of money, real income influences the capacity to hold money, and the interest rate affects the opportunity cost of holding money instead of investing it.

The Amount of Wealth That an Individual Wishes to Hold