Joan has the following assets and liabilities:Credit card balance$1,000Cash$200Government bonds$3,000Checking$300Car loan balance$10,000Car$15,000 What is Joan's money demand?

A. $300
B. $500
C. $1,500
D. $200


Answer: B

Economics

You might also like to view...

The value of an investment in an index fund depends on

A. the earnings estimate for the major index constituent. B. the average performance of all mutual funds. C. what happens to the prices of all stocks in that index. D. the specific stock selection practices employed by the fund manager.

Economics

Price floors are only effective below the market equilibrium.

Answer the following statement true (T) or false (F)

Economics

If the Fed decided to reverse its policy actions implemented during the heart of the recession, the Fed would be acting to try to prevent

A) an increase in deflation. B) a decrease in unemployment. C) an increase in inflation. D) an increase in unemployment.

Economics

Governments can use price elasticity of demand to estimate how changes in excise tax rates will affect:

a. income. b. prices. c. tax revenues. d. government spending. e. profits.

Economics