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Author Question: Transaction Demand, Asset Demand and Speculative DemandThe average monthly balance in your checking ... (Read 51 times)

ahunt13

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on: Nov 23, 2022

Question 1

Transaction Demand, Asset Demand and Speculative Demand

Suppose your income is $4300 per month. You deposit $400 in a savings account, purchase $200 worth of treasury bills, and use the rest for daily transactions. Your transaction money demand is ________.
◦ $4100
◦ $4900
◦ $3700
◦ $3900

Question 2

Transaction Demand, Asset Demand and Speculative Demand

The average monthly balance in your checking account is $1150. If you spend the same amount of money each day during the month and at the end of the month your account balance is $0, then your monthly starting balance is ________. (Round to the nearest whole dollar.)
◦ $1150
◦ $1725
◦ $2300
◦ $38
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by ahunt13 on Nov 23, 2022

Asfa

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Reply #1 on: Nov 23, 2022
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ahunt13

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

dreamfighter72

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

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