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.
1
Expert's answer
2018-03-15T17:13:07-0400
[1] The speculative demand for money is a function of the income level and the interest rate.

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