The transactions demand for holding money is when people hold ...

[lracut11]

The transactions demand for holding money is when people hold money:
 a. instead of near money.
  b. to transact purchases they expect to make.
  c. as insurance against unexpected expenses.
  d. to speculate in the stock market.
  e. to take advantage of changes in interest rates.

Question 2

The period of declining growth in real GDP between the peak of the business cycle and the trough is called a(n):
 a. recessionary phase.
  b. expansionary.
  c. recovery phase.
  d. stationary phase.

[pami445]

Answer to Question 1

b

Answer to Question 2

a

[lracut11]

Thanks for the timely response, appreciate it

[bigcheese9]

Gracias!