A major difference between the transactions demand for money and the precautionary demand is that the
A) transactions demand is for emergencies while the precautionary demand is for every day expenditures.
B) transactions demand involves expected expenditures while the precautionary demand involves unexpected expenditures.
C) transactions demand means that people are foregoing interest but they are not foregoing interest in the precautionary demand.
D) transactions demand leads to the purchase of assets while the precautionary demand does not.
B
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Bonds are
A) equity. B) equity and debt. C) debt. D) paid dividends.
Answer the following statement(s) true (T) or false (F)
1. The Water Quality Act of 1987 embodies revisions to the Clean Water Act of 1977. 2. The Coastal Zone Act Reauthorization Amendments (CZARA) addressthe development of coastal nonpoint pollution control programs. 3. In the wake of the BP Deepwater Horizon oil spill in the Gulf of Mexico, President Obama signed the Oil Pollution Control Act. 4. The Clean Water Act’s zero discharge goal was met in 1985. 5. The Clean Water Act’s no toxics in toxic amounts goal can be justified on economic grounds.