Author Question: What is the motivation for individuals to hold money? A) to facilitate transactions B) to reduce ... (Read 30 times)

go.lag · **on:** Jun 30, 2018

What is the motivation for individuals to hold money?

A) to facilitate transactions B) to reduce risk
C) to have liquidity D) all of the above

Question 2

The marginal benefit of an activity is

i. the benefit from a one-unit increase in the activity.
ii. the benefit of a small, unimportant activity.
iii. measured by what the person is willing to give up to get one additional unit of the activity.
A) i only B) ii only C) ii and iii D) i and iii E) iii only