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    Exam 23: The Demand for Money
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    Keynes Assumed That the Return on Money Was
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Keynes Assumed That the Return on Money Was

Question 79

Question 79

Multiple Choice

Keynes assumed that the return on money was


A) zero.
B) the same as the return on bonds.
C) the same as the return on bonds, adjusted for capital gains.
D) the nominal interest rate minus the expected inflation rate.

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