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Author Question: A person is preparing for a long automobile trip and cashes in a certificate of deposit for cash in ... (Read 66 times)

formula1

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on: Jun 30, 2018
A person is preparing for a long automobile trip and cashes in a certificate of deposit for cash in case of emergencies along the way. This is an example of the
 
  A) transactions demand for money. B) asset demand for money.
  C) precautionary demand for money. D) wealth demand for money.

Question 2

At the equilibrium rate of interest:
 
  A) the quantity of credit demanded falls short of the quantity of credit supplied.
  B) the quantity of credit demanded equals the quantity of credit supplied.
  C) the quantity of credit demanded is zero.
  D) the quantity of credit supplied is zero.


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kristenb95

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


formula1

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

sarah_brady415

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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