Multiple Choice
If R > q, then
A) the marginal benefit of using cash exceeds the marginal cost.
B) the nominal interest rate is not in equilibrium.
C) the real interest rate does not reach its equilibrium value.
D) the marginal cost of using the credit card exceeds the marginal benefit.
E) the marginal benefit of using the credit card exceeds the marginal cost.
Correct Answer:
Verified
Correct Answer:
Verified
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