The Speculative Demand for Money May Not Exist Because

question 10

Multiple Choice

The speculative demand for money may not exist because

• A)banks now pay interest on some types of checkable deposits.
• B)there are alternative riskless assets paying higher returns than the return on money.
• C)the transactions demand can be shown to depend on interest rates.
• D)government regulations have eliminated risk in the financial markets.

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Definitions:

Geons

Simple geometric figures, such as cubes, cylinders, and pyramids, that can be combined to create all other shapes. An early (and crucial) step in some models of object recognition is determining which geons are present.

Top-down Processing

A cognitive process where understanding of information starts with the broader context or knowledge before incorporating details.

Bottom-up Processing

A type of information processing based on incoming data from the environment to form a perception, starting from the details and moving up to the whole.

Geon

Basic geometric ions considered as the fundamental building blocks for visual object recognition according to the recognition-by-components theory.