Tobin's Model of the Speculative Demand for Money Shows That

question 9

Multiple Choice

Tobin's model of the speculative demand for money shows that people hold money as a ________ as a way of reducing ________.

• A)medium of exchange;transaction costs
• B)medium of exchange;risk
• C)store of wealth;transaction costs
• D)store of wealth;risk

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Definitions:

Named

Designated or given a specific title.

Shape

The external form, contours, or outline of an object or figure.

Brachioradialis

A muscle of the forearm that flexes the forearm at the elbow.

Orientation

The awareness of the relationship between oneself and one's environment, including identity, location, and time.