The euro floats against other currencies, but the member nations of the euro have no separate national money. For this reason, Spain, that uses the euro as its currency is listed under the managed float arrangement

As the nominal interest rate increases, the opportunity cost of holding money ________ and the quantity of money demanded ________

A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases E) increases; does not change because people need money

Drexel Burnham Lambert pioneered the widespread issuance of

A) junk bonds. B) commercial paper. C) callable bonds. D) convertible bonds.