The Opportunity Cost of Holding Money Rather Than Bonds Is

question 72

Multiple Choice

The opportunity cost of holding money rather than bonds is

• A)zero -- there is no opportunity cost of holding money.
• B)the rate of interest earned on bonds.
• C)forgone consumption.
• D)forgone liquidity.
• E)the price level.

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Definitions:

Closed Shop Provisions

Labor agreement terms requiring that employees be members of a labor union as a condition of employment, now illegal in many places under "right to work" laws.

Bargaining Book

A document or set of documents used by negotiators during union-management negotiations that contains facts, figures, and proposals for discussion.

Negotiation Record

A detailed account of negotiation proceedings, including the proposals, discussions, and agreements made between parties.

Public Sector

The portion of the economy composed of government services and enterprises, including employees who work for government entities.