A decrease in the nominal interest rate ________ the opportunity cost of holding money
A) increases
B) decreases
C) can increase or decrease
D) None of the above answers is correct because the nominal interest rate does not affect the opportunity cost of holding money.
B
Economics
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When the government increases taxes to provide traditional public goods, such as national security, there tends to be
a. widespread benefits and costs b. widespread costs and concentrated benefits c. concentrated benefits and costs d. widespread benefits and concentrated costs e. widespread costs and either widespread or concentrated benefits
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Any item can successfully serve as money
a. True b. False Indicate whether the statement is true or false
Economics