The opportunity cost of holding money balances rather than ...

[go.lag]

The opportunity cost of holding money balances rather than holding other assets is
 
  A) the nominal interest rate.
  B) the price level.
  C) forgone consumption.
  D) forgone liquidity.

Question 2

In the above figure, at the equilibrium price and quantity, consumer surplus is ________.
 
  A) 90
  B) 60
  C) 45
  D) 30

[kswal303]

Answer to Question 1

A

Answer to Question 2

C

[go.lag]

Thanks for the timely response, appreciate it

[bdobbins]

Excellent