Money & Bank MCQ
MB Chapter 5
When the interest rate is above the equilibrium interest rate, there is an excess ________ money and the interest rate will ________.
When the interest rate is above the equilibrium interest rate, there is an excess ________ money and the interest rate will ________.
When the interest rate is above the equilibrium interest rate, there is an excess ________ money and the interest rate will ________.
A) demand for; rise
B) demand for; fall
C) supply of; fall
D) supply of; rise
Answer: C
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