An increase in interest rate will ______ the quantity of money demanded for transactions and ______ the quantity of money demanded for speculation.

When Dale buys a new computer for $1,000 using a credit card,

A) his bank account decreases by $1,000. B) he is taking out a loan for $1,000. C) the credit card is acting as money. D) the money supply decreases by $1,000. E) the credit card is performing the function of an unit of account.

If countries have similar factor endowments and productivities, their trade is likely to be interindustry

Indicate whether the statement is true or false