The higher the nominal interest ratethe less money, Ask an Expert

Economics

The higher the nominal interest rate:

The less money individuals will hold for any given level of transactions and the higher the velocity of money

The more money individuals will hold for any given level of transactions and the higher the velocity of money

The more money individuals will hold for any given level of transactions and the lower the velocity of money

The less money individuals will hold for any given level of transactions and the lower the velocity of money

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91235447

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