Multiple Choice
If the quantity supplied of money exceeds the quantity demanded of money, people will ________ bonds which will cause bond prices to ________ and the nominal interest rate to ________ until the quantity demanded and quantity supplied of money are equal.
A) buy; rise; fall
B) sell; fall; fall
C) sell; rise; fall
D) buy; fall; rise
Correct Answer:
Verified
Correct Answer:
Verified
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