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When does the opportunity cost of holding money rise? O a. When income falls O b. When interest rates rise O c. When bond prices rise O d. All of the answers are correct

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 37P: Imagine that a local water company issued 10,000 ten-year bond at an interest rate of 6. You are...

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When does the opportunity cost of holding money rise?
O a. When income falls
O b. When interest rates rise
When bond prices rise
O d. All of the answers are correct

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