-The above table has the demand and supply schedules for money.What is the equilibrium nominal interest rate?
A)5 per cent
B)9 per cent
C)8 per cent
D)6 per cent
E)7 per cent

Question

-The above table has the demand and supply schedules for money.What is the equilibrium nominal interest rate?
A)5 per cent 
B)9 per cent 
C)8 per cent 
D)6 per cent 
E)7 per cent

Quizplus · Accepted Answer

The equilibrium nominal interest rate is the rate at which the quantity of money demanded equals the quantity of money supplied. In this case, the equilibrium nominal interest rate is 9 per cent.

-The Above Table Has the Demand and Supply Schedules for Money.What