1. Why do people hold money? How will an increase in the interest rate influence the amount of money that people will want to hold? 2. What is the opportunity cost of the following? a. obtaining a...

1. Why do people hold money? How will an increase in the interest rate influence the amount of money that people will want to hold?

2. What is the opportunity cost of the following? a. obtaining a $100,000 house b. holding the house for one year c. obtaining $1,000 d. holding the $1,000 in your checking account for one year

May 26, 2022

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1. Why do people hold money? How will an increase in the interest rate influence the amount of money that people will want to hold? 2. What is the opportunity cost of the following? a. obtaining a...

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