The opportunity cost of holding money
A) is zero because money is not an economic resource.
B) varies inversely with the interest rate.
C) varies directly with the interest rate.
D) varies inversely with the level of national income.
Correct Answer:
Verified
Q51: The term "double coincidence of wants"
A)means that
Q52: Money performs its job as a standard
Q53: It is generally agreed that when the
Q54: The precautionary demand for money arises
A)because people
Q55: Which is NOT considered money?
A)Checking account balances
B)Traveler's
Q57: Large denomination time deposits are included in
A)M2
Q58: The demand for money schedule shows that
Q59: Even though credit cards are used by
Q60: The transaction demand for money is most
Q61: Demand deposits are essentially
A)coins and currency.
B)based on
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