FIN MCQ
FIN201 Chapter 2
Money demand is given by M(d)/P = 1000 + 0.2Y - 1000i. Given that P = 200, Y = 2000, and i = 0.10, real money demand is equal to
Money demand is given by M(d)/P = 1000 + 0.2Y - 1000i. Given that P = 200, Y = 2000, and i = 0.10, real money demand is equal to
Money demand is given by
M(d)/P = 1000 + 0.2Y - 1000i.
Given that P = 200, Y = 2000, and i = 0.10, real money demand is equal to
a. 260,000.
b. 1,300.
c. 1,500.
d. 300,000.
Answer: B
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