The opportunity cost of holding money

A) refers to the amount of paper currency held by the Fed.
B) is measured by the alternative interest yield obtainable by holding some other asset.
C) is based on the fiduciary monetary system.
D) refers to the Fed's role as the lender of last resort.

B

Economics

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A decrease in money demand will shift the

A) IS curve to the left. B) IS curve to the right. C) LM curve to the left. D) LM curve to the right.

Economics

If quantity supplied is either greater or less than the equilibrium quantity, then all of the following are true except:

a. total loss of surplus will depend on the shape of the demand and supply curves. b. the resulting loss of consumer surplus will depend on the price of the good. c. total loss of surplus will depend on the price of the good. d. there will be an inefficient allocation of resources.

Economics