The benefit of holding money is ________, while the opportunity cost of holding money is ________.
A. its usefulness in carrying out transactions; the nominal interest rate
B. increased income; lost purchasing power
C. the nominal interest rate; the fees charged by banks
D. the nominal interest rate; its usefulness in carrying out transactions
Answer: A
Economics
You might also like to view...
The level of income is unchanged in response to unanticipated anti-inflation policy in ________
A) real business cycle theory B) traditional Keynesian theory C) new Keynesian theory D) post classical theory
Economics
The supply chain refers to
A) the supply curve. B) the process of outsourcing. C) the process of downsizing. D) the process of creating and selling a product.
Economics