Jim has the following assets and liabilities:Credit card balance$1,000Cash$500Government bonds$3,000Checking$750Car loan balance$10,000Car$15,000 What is Jim's money demand?
A. $750
B. $3,250
C. $1,250
D. $500
Answer: C
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Suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with 5 probability and pays $2 per day
Will there be any rural-urban migration? Explain your reasoning, stating explicitly any simplifying assumptions, and show all work.
Which of the following losses to an individual would an insurance company NOT cover?
A) The person's automobile is stolen. B) Fire destroys the person's home. C) The person's father dies. D) The person's country is invaded.
GLS is consistent and BLUE if
A) X is predetermined. B) the error process is AR(1). C) X is strictly exogenous. D) all the roots are inside the unit circle.
Real GDP per capita and other alternative measures of the quality of life are:
a. directly correlated. b. poorly correlated. c. inversely related. d. independent.