The speculative demand for money:
a. involves holding money for unexpected problems.
b. varies inversely with income.
c. varies inversely with the interest rate.
d. varies directly with the transactions demand for money.
e. is only concerned with active money.
c
Economics
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The price elasticity of supply when the supply curve is Q = 5 is
A) 5. B) perfectly inelastic. C) perfectly elastic. D) Cannot be calculated from the information provided.
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The quantity supplied by domestic producers in an importing country must be less than the quantity demanded by its population.
Answer the following statement true (T) or false (F)
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