When economists speak of the demand for money,they refer to the amount of money people would like to hold

Question

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The demand for money refers to the amount of money people would like to hold at each interest rate. This is because the opportunity cost of holding money increases as interest rates rise, so people will want to hold less money at higher interest rates. Therefore, the demand for money is inversely related to the interest rate.

When Economists Speak of the Demand for Money,they Refer to the Amount