Which of the following will most likely cause a decrease in the quantity of money demanded?
A. a decrease in the interest rate
B. an increase in nominal income
C. an increase in the interest rate
D. an increase in the price level
Answer: C
Economics
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Moneys primary role in the economy comes from the benefits of lowering transactions costs and allowing specialization. This function of money is called
A) store of value. B) medium of exchange. C) standard of deferred payment. D) unit of account.
Economics
PPP is the acronym for:
A. producer purchasing power. B. purchasing power parity. C. producer power parity. D. purchasing price power.
Economics