If the equilibrium exchange rate exceeds the par exchange rate in the market for pounds, the pound is overvalued

What are the three motives for holding money?

A) the medium of exchange motive, the store of value motive, and the unit of account motive B) the transaction motive, the speculative motive, and the liquidity motive C) the transaction motive, the investment motive, and the liquidity motive D) the transaction motive, the speculative motive, and the precautionary motive

A ptomaine poisoning scare causes a decrease in the demand for canned tuna fish. Everything else equal, the demand curve for aluminum cans will

a. become steeper. b. become flatter. c. fall. d. rise.