Joan has the following assets and liabilities: What is Joan's money demand?

Name: Joan has the following assets and liabilities: What is Joan's money demand?
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Question

Joan has the following assets and liabilities:  What is Joan's money demand?

Quizplus · Accepted Answer

Note that the balance sheet shows four different asset types (and two types of liabilities): cash, a checking account, bonds, and a car. Of these assets, the first two (the cash and the checking account) are forms of money, making Joan's demand for money $500 ($200 + $300).

Joan Has the Following Assets and Liabilities: What Is