In Which of the Following Cases Would the Quantity of Money

question 118

Multiple Choice

In which of the following cases would the quantity of money demanded be largest?

• A)r = 0.03,P = 1.2
• B)r = 0.03,P = 1.3
• C)r = 0.04,P = 1.2
• D)r = 0.05,P = 0.9

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ATM Card

A plastic card issued by a bank or financial institution to access one's account and withdraw cash from automated teller machines.

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The act of informing someone of something through a formal or official means.

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Responsible by law; legally obliged to compensate for harm or loss caused.

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Approval or sanction by a legal authority or body.