The demand curve for money
a. shows the amount of money balances that individuals and businesses wish to hold at various levels of private investment.
b. reflects the open market operations policy of the Federal Reserve.
c. shows the amount of money that households and businesses wish to hold at various rates of interest.
d. indicates the amount that consumers wish to borrow at a given interest rate.
C
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Suppose the government cracks down on illegal immigration. How will this affect the demand and supply of labor
What will be an ideal response?
Which of the following is the central bank for the United States?
A) the United States Treasury B) the Federal Deposit Insurance Corporation (FDIC) C) the Comptroller of the Currency D) none of the above
A repurchase agreement of government securities by the Fed
A) permanently increases bank reserves. B) temporarily increases bank reserves. C) permanently reduces bank reserves. D) temporarily reduces bank reserves.
The demand for a product is more elastic
a. When it has few substitutes b. In the long-run c. When the expenditure on the product represent a small portion of the budget d. When the product is broadly defined