Which of the Following Is NOT Considered an Important Determinant

question 11

Multiple Choice

Which of the following is NOT considered an important determinant of money demand?

• A)The average personal income tax rate
• B)Real income
• C)Payments system developments
• D)The difference between the nominal interest rate and the yield on money

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Definitions:

Obsession

A state in which someone thinks about someone or something constantly or frequently especially in a way that is not normal.

Phobia

An irrational and excessive fear of an object, situation, or activity that causes avoidance and distress.

Hypnagogic Image

Vivid, dreamlike images that occur at the onset of sleep.

Compulsion

An irresistible urge to perform an act repeatedly, often irrational and against one's conscious wishes.