The speculative demand for money is the stock of money that people hold to:
a. pay their predictable, everyday expenses.
b. pay for any unexpected expenses that may occur.
c. buy stocks, bonds, and other financial assets.
d. buy the foreign currencies needed to purchase imports.
c
You might also like to view...
Refer to Table 13-2. What is Eco Energy's profit?
A) $125 B) $140 C) $145 D) $150
A possible reconciliation of the Leontief Paradox is that the United States has high tariffs on capital intensive goods and low tariffs on labor intensive goods
Indicate whether the statement is true or false
The best guess is that the cross elasticity between Rolaids and Tums, the two leading antacids in the country, is
a. negative b. positive c. zero d. one e. infinite
If marginal cost is rising, what must be happening?
a. Average variable cost must be falling. b. Marginal product must be falling. c. Marginal product must be rising. d. Average fixed cost must be rising.