According to the Baumol-Tobin Model, an Increase in the Fixed

question 60

Multiple Choice

According to the Baumol-Tobin model, an increase in the fixed costs of going to the bank will the demand for money.

• A)increase
• B)decrease
• C)not change
• D)possibly increase or decrease

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Definitions:

Gratitude

The quality of being thankful; readiness to show appreciation for and to return kindness.

Paranoid Personality Disorder

A mental condition characterized by paranoia and a widespread distrust and suspicion of others without adequate reason.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and sadness.

Agreeableness

A personality trait characterized by kindness, empathy, and a cooperative attitude.