The ________ the nominal interest rate, the ________ is the quantity of money demanded
A) lower; greater
B) higher; greater
C) more variable; smaller
D) lower; smaller
E) None of the above because the nominal interest rate does not influence the quantity of money demanded.
A
Economics
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What does marginal cost equal?
a. total output divided by the change in total cost b. total cost divided by quantity of output produced c. the change of total cost divided by the change of output d. average cost divided by output
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If loans are $300,000 . checkable deposits are $600,000 . and the required reserve ratio is 40 percent, then excess reserves are:
a. $360,000. b. $240,000. c. $120,000. d. $60,000. e. $30,000.
Economics