6. The demand for money arises out of the need to hold money as a medium of exchange. This demand for money is a function of
Precautionary; interest rates Transactions; national income Speculative; interest rates Precautionary; national income
7 . As the interest rate increases, the opportunity cost of holding money and individuals choose to hold_ money:
increases, more decreases, decreases, more increases, decreases, less decreases, increases, more
