Which one of these statements is correct?
a. The lower the interest rate, the higher the opportunity cost of holding assets in the form of money.
b. The quantity of money supplied is independent of the interest rate
c. The larger the supply of money, the higher the interest rate, all things equal.
d. Travelers checks and government bonds are equally liquid assets.
e. The demand for money increases whenever the price level decreases.
b
Economics
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The sum of the current account plus the capital and financial account plus the official settlements account equals
A) 100 percent. B) U.S. official reserves. C) U.S. exports. D) zero. E) government expenditures.
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The magnitude of the slope of the indifference curve between steak and lobster is called the marginal rate of substitution
Indicate whether the statement is true or false
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