If R > q,then
A) the marginal benefit of using the credit card exceeds the marginal cost.
B) the marginal benefit of using cash exceeds the marginal cost.
C) the real interest rate does not reach its equilibrium value.
D) the nominal interest rate is not in equilibrium.
E) the marginal cost of using the credit card exceeds the marginal benefit.
Correct Answer:
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Q18: Fiat money is
A) commodity money.
B) commodity-based paper
Q19: In formulating its monetary policy,the Bank of
Q20: The double coincidence of wants problem is
Q21: The demand for money is determined by
A)
Q22: The real interest rate is approximately equal
Q24: The nominal money demand is defined as
A)
Q25: The real return on bonds is
A) R.
B)
Q26: If R < q,then
A) the marginal cost
Q27: If the nominal interest rate is rises,
A)
Q28: The Fisher relationship may be described by
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