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Author Question: What is meant by the demand for money? What will be an ideal ... (Read 48 times)

formula1

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on: Jun 29, 2018
What is meant by the demand for money?
 
  What will be an ideal response?

Question 2

Sales taxes are routinely collected by
 
  A) the merchants selling the good or services.
  B) the Internal Revenue Service.
  C) the Department of Commerce.
  D) the Federal Trade Commission.


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Tonyam972

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Money is used to buy goods and services. So, if we want to purchase something, we must have some money. The demand for money is amount of desired money holdings, given factors such as income and the interest rate.

Answer to Question 2

A


formula1

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

phuda

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

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