Answer to Question #74606 in Macroeconomics for Thulie
Which one of the following regarding the demand for money is correct?
 The speculative demand for money is a function of the income level and the interest
 The transactions demand for money is inversely related to the interest rate.
 The position of the money demand curve is determined by the income level.
 An increase in interest rate will result in a decrease in the precautionary demand for
 The speculative demand for money is a function of the income level and the interest rate.
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