A person keeps $500 in his home in order to be prepared for some unforeseen future event. This reflects his
A. precautionary demand for money.
B. asset demand for money.
C. liquidity demand for money.
D. speculative demand for money.
Answer: A
Economics
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Monetary policy has the power to make recessions more severe and long-lasting if it is not timed well
Indicate whether the statement is true or false
Economics
Refer to the Article Summary. All else equal, a depreciation of the Chinese yuan relative to a currency such as the U.S. dollar should ________ the current account balance in China and therefore ________ the financial account balance in China
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
Economics