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Answer to Question #74606 in Macroeconomics for Thulie

Question #74606
Which one of the following regarding the demand for money is correct?
[1] The speculative demand for money is a function of the income level and the interest
rate.
[2] The transactions demand for money is inversely related to the interest rate.
[3] The position of the money demand curve is determined by the income level.
[4] An increase in interest rate will result in a decrease in the precautionary demand for
money.
Expert's answer
[1] The speculative demand for money is a function of the income level and the interest rate.

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