D. Checkable deposits. A. More liquid. B. Less liquid. C. Less valuable. C. A share of corporate stock D. None of these 14.
People tend to hold more money as A. the price level rises.
B. the interest rate rises. C. unemployment rises. D. the availability of credit falls. The opportunity cost of holding cash in your wallet A. tends to increase as interest rates decrease. B. is the foregone interest that could have been earned on other assets.