Preference

Question: What will result in an increase in the transaction demand for money?

  1. a.
    an increase in interest rates
  2. b.
    an increase in the proportion of workers paid monthly, rather than weekly
  3. c.
    a reduction in the level of real income
  4. d.
    a reduction in the price level
  5. e.
    None of these
Answer: b
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