Even though we assume the nominal interest rate on money is zero, there is a benefit to holding money. This is generally thought to be:
A) the prestige of having a large income.
B) the interest earned from investing it.
C) the ease of conducting transactions by having a perfectly liquid payment system.
D) the depreciation of the value of the dollar as prices increase.

Question

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The Answer of Even though we assume the nominal interest rate on money is zero, there is a benefit to holding money. This is generally thought to be:
A) the prestige of having a large income.
B) the interest earned from investing it.
C) the ease of conducting transactions by having a perfectly liquid payment system.
D) the depreciation of the value of the dollar as prices increase.

Even Though We Assume the Nominal Interest Rate on Money