The desire to hold money to undertake unexpected transactions would define the _____ motive for holding money.
Fill in the blank(s) with the appropriate word(s).
precautionary
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If demand is elastic, a decrease in price leads to a decrease in total revenue
a. True b. False
Suppose you observe that with a given supply curve, the Peruvian demand for Argentinean pesos steadily decreases. This will most likely mean:
a. the supply of Peruvian nuevos soles has increased on the foreign exchange market. b. the Argentinean peso will appreciate in value relative to the Peruvian nuevo sol. c. the Argentinean peso will depreciate in value relative to the Peruvian nuevo sol. d. the Peruvian demand for Argentinean goods has increased. e. the supply of Argentinean pesos has increased on the foreign exchange market.
People tend to hold more money as
A. the price level rises and credit availability rises. B. the price level rises and credit availability falls. C. the price level falls and credit availability falls. D. the price level falls and credit availability rises.
If an individual receives in-kind transfers from the government in the form of food stamps, public housing, and so on, his money income is
A. greater than his total income. B. equal to his in-kind income plus his wages. C. less than his total income. D. the same as his total income.