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

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

Jim has the following assets and liabilities:  What is Jim'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 Jim's demand for money $1,250 ($500 + $750).

Jim Has the Following Assets and Liabilities: What Is