Question: Which of the following statements is correct about the demand for money, supply of money, and the nominal interest rates? The demand for money is inversely related to the nominal interest rates, and the supply of money is positively related to the nominal interest rates. The demand for money is positively related to the nominal interest rates, and the supply of money is inversely related to the nominal interest rates. The demand for money independent of the nominal interest rates, and the supply of money is positively related to the nominal interest rates. The demand for money is inversely related to the nominal interest rates, and the supply of money is independent of the nominal interest rates. The demand for money is positively related to the nominal interest rates, and the supply of money is independent of the nominal interest rates.