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    Principles of Economics Study Set 1
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    Exam 26: Stabilizing the Economy: The Role of the Fed
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    The Opportunity Cost of Money Is
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The Opportunity Cost of Money Is

Question 5

Question 5

Multiple Choice

The opportunity cost of money is:


A) the time spent going to the bank to withdraw funds.
B) the fees charged by banks to provide checking services.
C) the nominal interest rate.
D) the price level.

Correct Answer:

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