Which One of These Statements Is Correct

question 23

Multiple Choice

Which one of these statements is correct?

• A)The lower the interest rate,the higher the opportunity cost of holding assets in the form of money.
• B)The quantity of money supplied is independent of the interest rate.
• C)The larger the supply of money,the higher the interest rate,all things equal.
• D)Travelers checks and government bonds are equally liquid assets.
• E)The demand for money increases whenever the price level decreases.

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Definitions:

Inheritance

The process or act of receiving property, titles, debts, rights, and obligations upon the death of an individual.

Temperance

Temperance refers to the social movement aimed at promoting moderation or complete abstinence in the consumption of intoxicating liquor.

Sabbath Violations

Actions that break religious or legal rules pertaining to observance of the Sabbath, which is a day of rest and worship in many religions.

Abusive Husbands

Men who engage in physical, emotional, sexual, or psychological abuse towards their spouses.