An individual's need for liquidity would increase if
A) the average value of transactions carried out by the individual fell.
B) the average value of transactions carried out by the individual rose.
C) the individual got a raise.
D) the individual received a new ATM card.
E) the individual wanted to avoid risks.
B
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Asymmetric shocks pose a problem for nations linked by fixed exchange rates to a base currency. In general:
A) the home nation always has a better outcome than its foreign trading partner. B) both nations share a common currency and so will experience equal results. C) when the base currency nation takes any action to counteract the shock, it forces its exchange rate partner to do the same to maintain its peg. D) both nations only get half the benefit of any economic policy.
If buyers were required to pay the federal excise tax on gasoline directly to the government, the demand curve for gasoline would shift up
Indicate whether the statement is true or false