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 money demand 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) the quantity of money demanded increased
D) the quantity of money demanded decreased
Correct Answer:
Verified
Correct Answer:
Verified
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