Question: Answer the question based on the following information: For transactions, households and businesses want to hold an amount of money equal to one - half

Answer the question based on the following information: For transactions, households and businesses want to hold an amount of money equal to one-half of nominal GDP. The table shows the amounts of money they want to hold as an asset at various interest rates.
If nominal GDP is $300 and the supply of money is $230, the equilibrium interest rate will be
\table[[\table[[Interest],[Rate]],\table[[Amount of Money],[Demanded as an Asset]]],[10%,$20
 Answer the question based on the following information: For transactions, households

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