The interest rate is the opportunity cost
A) of investing in stocks.
B) of investing in Treasury securities.
C) of using credit cards.
D) of holding money.
D
Economics
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Suppose Germany's economy is experiencing full employment. This means that, in Germany,
A) the unemployment rate is equal to zero. B) real GDP is equal to potential GDP. C) real GDP is greater than potential GDP. D) potential GDP is greater than real GDP. E) real GDP equals nominal GDP.
Economics
Deadweight loss occurs when
A) producer surplus is greater than consumer surplus. B) the maximum level of total welfare is not achieved. C) consumer surplus is reduced. D) an inferior good is consumed.
Economics