Solved

If R < Q, Then

Question 41

Multiple Choice

If R < q, then


A) the marginal cost of using the credit card exceeds the marginal benefit.
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 benefit of using the credit card exceeds the marginal cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions