Externalities are benefits or damages conferred upon people who are directly involved in an exchange of a good or service

If the interest elasticity of money demand is -0.1, by what percent does money demand change if the nominal interest rate rises from 2% to 3%?

A) -0.1% B) 5% C) 0% D) -5%

A payment of $105 next year can be more valuable than a payment of $100 now

a. True b. False