Below Is Some Data Concerning the Money Market

question 153

Multiple Choice

Below is some data concerning the money market?

-Refer to the information above to answer this question.If the transaction demand for money is 10 percent of equilibrium national income which is 700 and the equilibrium interest rate is 6 percent then which of the following is true?

• A)The supply of money must be $142.
• B)The transactions demand for money must be $72.
• C)The supply of money must be $149.
• D)The supply of money must be $135.

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