The transactions demand for money is the demand for money by households for:
a. predictable spending purposes.
b. liquidity purposes.
c. rainy day spending.
d. investing purposes.
a
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Bundling
A) is when firms sell multiple separate goods together for a single price. B) is where a firm wraps its fragile goods in special packaging and charges a higher price than if the goods are put into regular packaging. C) increases transaction costs for consumers. D) is illegal in most U.S. states.
A decrease in the price of a good will a. increase demand
b. decrease demand. c. increase quantity demanded. d. decrease quantity demanded.
Innovation in the U.S. was spurred by:
a. a free high school education in the U.S. b. an influx of capable immigrants c. an inexpensive patent system d. All of the above are correct.
In game theory, actions such as cheating that focus solely on short-run gains are referred to as
A. predatory behavior. B. opportunistic behavior. C. tit-for-tat strategic behavior. D. territorial behavior.