Question: If money is so versatile and can buy anything, why don't people demand all the money they can get their hands on? In what sense

If money is so versatile and can buy anything, why don't people demand all the money they can get their hands on? In what sense has greater Fed transparency served as an additional policy tool, given that the federal funds rate could go no lower

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(Demand for Money) If money is so versatile and can buy anything, why dont people demand all the money they can get their hands on?

2. Demand for Money If money is so versatile and can buy anything, why dont people demand all the money they can get their hands on?

If money is so versatile and can buy anything, why dont people demand all the money they can get their hands on?

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.