Other Things Being Equal,the Transactions Demand for Money Tends to Increase

question 73

Multiple Choice

Other things being equal,the transactions demand for money tends to increase when

• A)interest rates rise.
• B)interest rates stop rising.
• C)national income rises.
• D)national income falls.
• E)the price level falls.

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Definitions:

Discretionary Power

Authority granted to an individual or body to make decisions within certain guidelines without the need for explicit rules.

Administrative Tribunal

A specialized government body designed to resolve disputes in specific areas, such as employment, immigration, or social services, through a judicial-like process.

Natural Justice

The principles of fairness, including the right to a fair hearing and the rule against bias, applied in judicial and administrative decisions.

Successful Mediation

A process in which a neutral third party assists disputing parties in reaching a mutually agreeable solution, without needing litigation.