Multiple Choice
Below is some data concerning the money market?
-Refer to the information above to answer this question.If the transaction demand for money is 10 percent of equilibrium national income which is 700 and the equilibrium interest rate is 6 percent then which of the following is true?
A) The supply of money must be $142.
B) The transactions demand for money must be $72.
C) The supply of money must be $149.
D) The supply of money must be $135.
Correct Answer:

Verified
Correct Answer:
Verified
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