Question: According to the BaumolTobin model, what determines how often people go to the bank? What does this decision have to do with money demand?

According to the Baumol–Tobin model, what determines how often people go to the bank? What does this decision have to do with money demand?

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The BaumolTobin model analyzes how people trade off the costs and benefits of holding money The bene... View full answer

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