When the Money Market Is Depicted in a Diagram with the Value

question 185

Multiple Choice

When the money market is depicted in a diagram with the value of money on the vertical axis, which of the following best describes the money demand function?

• A)It slopes upward because at higher prices people want to hold more money.
• B)It slopes downward because at higher prices people want to hold more money.
• C)It slopes downward because at higher price people want to hold less money.
• D)It slopes upward, because at higher prices people want to hold less money.

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Definitions:

Airspace

The space above the earth's surface that is available for aircraft to fly through, often regulated by a sovereign entity.

Valid Deed

A legal instrument that transfers ownership of real property from one person to another, which must meet certain requirements such as being in writing, having a clear description of the property, and being properly executed and delivered.

Intent to Convey

The legal determination or declaration of a party's intention to transfer rights, property, or interest from one to another.

Soil

The top layer of the Earth's surface, consisting of rock and mineral particles mixed with organic matter, which supports plant life.