When the quantity of real money holdings falls this is often in response to interest rates:

Name: When the quantity of real money holdings falls this is often in response to interest rates:
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When interest rates rise, the opportunity cost of holding money increases because individuals and businesses can earn more by saving or investing their money. Therefore, they are likely to hold less cash and more interest-bearing assets, leading to a decrease in the quantity of real money holdings.

When the Quantity of Real Money Holdings Falls This Is