Multiple Choice
If R > q, then
A) the marginal benefit of using the credit card exceeds the marginal cost.
B) the marginal benefit of using cash exceeds the marginal cost.
C) the real interest rate does not reach its equilibrium value.
D) the nominal interest rate is not in equilibrium.
E) the marginal cost of using the credit card exceeds the marginal benefit.
Correct Answer:
Verified
Correct Answer:
Verified
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