Problem
How much money do you keep in cash or checkable deposits on a typical day? Under the following conditions, would you increase or decrease your demand for money? Also identify whether the condition affects your transactions demand, precautionary demand, or speculative demand. a. Your salary doubles. b. The rate of interest on bonds and other assets falls. c. An automatic teller machine (ATM) is installed next door, and you have a card. d. Bond prices are expected to rise. e. You are paid each week instead of monthly
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.