A person is preparing for a long automobile trip and cashes in a certificate of deposit for cash in case of emergencies along the way. This is an example of the

A) transactions demand for money. B) asset demand for money.
C) precautionary demand for money. D) wealth demand for money.

C

Economics

You might also like to view...

If the nominal interest rate is 3% and the inflation rate is 6%, the real interest rate is

a. 2% b. 3% c. -3% d. 9%

View
Economics

In 2010, about what percentage of the world's land area was forested?

A. 10 percent B. 30 percent C. 50 percent D. 75 percent

View
Economics