Henry has been thinking about purchasing a corporate bond but is afraid that the bond will lose value. He has decided to hold money instead. This is known as the
A. money balance demand for money.
B. transactions demand for money.
C. precautionary demand for money.
D. asset demand for money.
Answer: D
Economics
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The average U.S. unemployment rate from 1948 has been about
A) 19.7 percent. B) 10.7 percent. C) 2.7 percent. D) 5.8 percent. E) 15.7 percent.
Economics
Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's excess reserves?
A) $30 million B) $70 million C) $100 million D) zero
Economics