The opportunity cost of holding money is the
A) inflation rate.
B) real interest rate.
C) nominal interest rate.
D) growth rate of real GDP.
E) time it takes to go to the ATM or bank.
Correct Answer:
Verified
Q62: If the currency drain ratio is 0.2
Q64: If the desired reserve ratio is 10
Q65: The nominal interest rate is 12 per
Q69: The difference between the nominal interest rate
Q74: Suppose you can earn 5 per cent
Q78: As the nominal interest rate increases, the
Q138: The opportunity cost of holding money is
Q141: The quantity of money demanded will decrease,other
Q145: The _ the nominal interest rate,the _
Q147: The opportunity cost of holding money
A)decreases as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents