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  3. Study Set
    Money Banking
  4. Exam
    Exam 4: Determining Interest Rates
  5. Question
    Explain Why the Nominal Interest Rate Is the Opportunity Cost
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Explain Why the Nominal Interest Rate Is the Opportunity Cost

Question 13

Question 13

Essay

Explain why the nominal interest rate is the opportunity cost of holding money.

Correct Answer:

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Opportunity cost is what you have to for...

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