In the ATM Model, If the Nominal Interest Rate Declines

question 69

Multiple Choice

In the ATM model, if the nominal interest rate declines, then the

• A)number of days between visits to the ATM and the quantity of money demanded both rise.
• B)number of days between visits to the ATM and the quantity of money demanded both fall.
• C)number of days between visits to the ATM rises and the quantity of money demanded falls.
• D)number of days between visits to the ATM falls and the quantity of money demanded rises.

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