In October of 2012,the nominal interest rate earned on money market accounts was around 0.40 percent.This interest rate is a measure of which of the following?

Name: In October of 2012,the nominal interest rate earned on money market accounts was around 0.40 percent.This interest rate is a measure of which of the following?
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The nominal interest rate on money market accounts represents the opportunity cost of holding money because it is the return forgone by not holding other interest-bearing assets.

In October of 2012,the Nominal Interest Rate Earned on Money