menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 17: Money Growth and Inflation: The Classical Theory of Inflation
  5. Question
    The Primary Reason People Hold Money Is
Solved

The Primary Reason People Hold Money Is

Question 63

Question 63

Multiple Choice

The primary reason people hold money is


A) to keep wealth in a less liquid form.
B) to use it as a medium of exchange.
C) to use it for investment.
D) to earn interest.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q58: When the money market is drawn with

Q59: Suppose the money supply grew at an

Q60: If a country experienced deflation,then<br>A)the nominal interest

Q61: If monetary neutrality holds,then an increase in

Q62: You find that to attract a sufficient

Q64: According to the assumptions of the quantity

Q65: If the CPI rises,the number of dollars

Q66: Figure 30-3.On the graph,MS represents the money

Q67: Suppose the price level rises,but the number

Q68: The money supply in Muckland is $100

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines