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Author Question: Transaction Demand, Asset Demand and Speculative DemandThe average monthly balance in your checking ... (Read 121 times)

caca31

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on: Nov 23, 2022
Transaction Demand, Asset Demand and Speculative Demand

The average monthly balance in your checking account is $2300. If you spend the same amount of money each day during a 30-day month and at the end of the month your account balance is $0, then you spend your money at a constant rate of ________ per day. (Round to the nearest whole dollar.)
◦ $460
◦ $153
◦ $77
◦ $230
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by caca31 on Nov 23, 2022

Jaclyn92G6

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Reply #1 on: Nov 23, 2022
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caca31

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

gcook

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

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