121.Suppose rate of interest increases from 5% to 9% per year.How would firms' cash balance change relative to sales? What would happen when interest rates change from 9% to 5%?

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The Answer of 121.Suppose rate of interest increases from 5% to 9% per year.How would firms' cash balance change relative to sales? What would happen when interest rates change from 9% to 5%?

121Suppose Rate of Interest Increases from 5% to 9% Per