Question

Which of the following statements
concerning the demand for money is
false? a. The transactions demand for
money is influenced by both the level
of income and the interest st rate. b.
The need for precautionary balances
increases as income increases. c. The
transactions, precautionary, and
speculative demands for money all
vary inverse ely with the level of
interest. d. The speculated ive demand
for money varies directly with the level
of national income.

Answer 1

Answer:

a

Explanation:

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