1) Which of the following is/are incorrect? I. II. III. IV. Nominal Income is a good approximation for the level of tran

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1 Which Of The Following Is Are Incorrect I Ii Iii Iv Nominal Income Is A Good Approximation For The Level Of Tran 1 (37.75 KiB) Viewed 29 times

1) Which of the following is/are incorrect? I. II. III. IV. Nominal Income is a good approximation for the level of transactions that are likely to take place in the economy. An increase in the price of bonds, increases the speculative demand for money. An increase in the interest rate, reduces the quantity of money demanded. Innovations in the banking sector increases autonomous money demand. a) (I) and (II) only. b) (II) and (IV) only. c) (I) and (II) and (III). (I) (III) and (IV). d) e) (II), (III) and (IV).