Asked by Eribel Almonte on Jun 08, 2024
Verified
As interest rates rise,people tend to hold ______ money;as their incomes rise,people tend to hold ______ money.
Interest Rates
The proportion of a total amount of money that is charged for borrowing it, usually represented as a yearly rate.
Incomes
Financial returns, especially received periodically, from work performed or investments made.
- Comprehend the role of interest rates and income in determining money demand.
Verified Answer
GP
Learning Objectives
- Comprehend the role of interest rates and income in determining money demand.