A market in which there are many sellers who all sell an identical product is called

Economists have long pondered the reasons why people hold money. Some reasons seem to be more important than others. Perhaps not among the most important but still a reason why people hold money is for emergency purposes (the idea of having money available for that "rainy day"). Economist refer to that demand for money as

a. precautionary b. emergency c. speculative d. transactions e. temporary

When looking at real world data, we see that the convergence theory:

A. holds nearly universally. B. holds for some countries, but not others. C. does not hold empirically. D. was proved false.