Holding money provides a benefit ________. A. Because it is a means of payment B. Because its
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Holding money provides a benefit ________.
A. Because it is a means of payment
B. Because its opportunity cost is low
C. Which is constant no matter how much money is held
D. Because most money is in bank deposits
Opportunity CostOpportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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