Day: May 15, 2023

What would cause an increase in the transactions demand for money?

Select ONE answer:

1. an increase in the rate of interest
2. an increase in nominal national income
3. a fall in the price of bonds
4. an increase in unemployment

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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