Answered

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For each scenario match it to the correct factor describing the purpose for holding money.
When price levels rise, people
hold onto cash.
When interest rates are low,
people forgo interest income.
When aggregate income is high,
people hold cash to buy goods
that are plentiful and cheap.
When interest rates are low,
people speculate that they
will soon increase.
Andy decided to hold his money in cash, as he did not earn
sufficient money as income from interest.
arrowRight
Ben is a consumer and decides not to purchase luxury items
because they are too expensive.
arrowRight
Chad thinks it to be a good opportunity to buy the products
from the market as the supply has increased.
arrowRight
Daphne is holding onto her money as she feels that the
interest rate will go up soon.

Sagot :

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