In the ATM Model of the Demand for Cash

Multiple Choice

In the ATM model of the demand for cash

A) both the nominal interest rate and the cost of going to an ATM are endogenous variables.
B) both the nominal interest rate and the cost of going to an ATM are exogenous variables.
C) the nominal interest rate is an exogenous variable while the average cash balances is an endogenous variable.
D) the nominal interest rate is an endogenous variable while the cost of going to an ATM is an exogenous variable.