Which one of the following statements is the MOST accurate?
A) A rise in the average value of transactions carried out by a household or a firm causes its demand for money to fall.
B) A reduction in the average value of transactions carried out by a household or a firm causes its demand for money to rise.
C) A rise in the average value of transactions carried out by a household or a firm causes its demand for money to rise.
D) A rise in the average value of transactions carried out by a household or a firm causes its demand for real money to rise.
E) a decrease in the average value of transactions carried out by a household or a firm causes its demand for real money to rise.
Correct Answer:
Verified
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