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Basic Question 2 of 6
Which would cause people to hold more money on hand?
II. Lower nominal interest rates
III. A higher real GDP
I. A higher price level of goods and services
II. Lower nominal interest rates
III. A higher real GDP
User Contributed Comments 5
| User | Comment |
|---|---|
| danlan | I and III cause a curve shift to the right. II causes a shift along the curve. |
| cfashark | which curve? |
| MaiHuong | Demand curve |
| MMattioli | demand curve for money |
| choas69 | change in interest and quantity demanded for money causes a movement along the line. other factors will cause a shift. |
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Learning Outcome Statements
describe the roles and objectives of central banks
CFA® 2024 Level I Curriculum, Volume 1, Module 4.