Multiple Choice
In October of 2015, the interest rate on money market accounts was about 0.2 percent. In 2007, the interest rate on money market accounts was about 4.0 percent. What has been the impact on the demand for money curve from this fall in the interest rate?
A) the money demand curve shifted to the right
B) the money demand curve shifted to the left
C) there was a downward movement along the demand for money curve
D) there was an upward movement along the demand for money curve
Correct Answer:
Verified
Correct Answer:
Verified
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