Suppose you earn $4,800 a month and spend exactly $160 in each of the 30 days. If your entire earnings are deposited in your checking account at the beginning of the month, then your average quantity of money demanded is

A) $160.
B) $1,200.
C) $2,400.
D) $4,800.

Ans: C) $2,400.

Economics

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A ________ in the real interest rate ________ consumption expenditure and shifts the consumption function ________

A) fall; increases; downward B) rise; decreases; upward C) fall; increases; upward D) fall, decreases; upward E) rise, increases; downward

Economics

________ is the field of study that applies concepts from social sciences such as psychology and sociology to help understand the behavior of securities prices

A) Behavioral finance B) Strategical finance C) Methodical finance D) Procedural finance

Economics