Money held to buy bonds in the future represents the
A. Transactions demand for money.
B. Interest earning demand for money.
C. Bond broker demand for money.
D. Speculative demand for money.
Answer: D
Economics
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If the fraction of the economy's nominal GDP held by the public in the form of money is 20 percent, income velocity in the economy is
A) 5. B) 80 percent. C) 0.20. D) 20.
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For a person earning $15,000, the marginal tax rate for the amount from 10,001 to $15,000 is:
A. 10%
B. 15%
C. 25%
D. 27.5%
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