The true statement is that: <em>There is an inverse relationship between the </em><em>quantity of money</em><em> demanded and the </em><em>interest rate.</em>
In economics, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed by a borrower from a creditor or financial institution.
On a related note, there exist an inverse relationship between the quantity of money demanded by a borrower and the interest rate charged by a creditor or lender. Thus, when the interest rate is high, the quantity of money demanded decreases (falls) while the quantity of money demanded increases (rises) when the interest rate is low.
<em>In conclusion, borrowers are more likely to demand for</em><em> money</em><em> when the </em><em>interest rate</em><em> is low and vice-versa.</em>
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<em>For more information on money supply, visit: brainly.com/question/15344073</em>
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Marbury v. Madison is important because it established the power of judicial review for the U.S. Supreme Court and lower federal courts with respect to the Constitution and eventually for parallel state courts with respect to state constitutions.
The indecisive outcome of the Cenepa War — both sides claimed victory — along with the mediation efforts of Argentina, Brazil, and chile.
It's true Abraham lincoln fully supported president Polk's justification for declaring war against Mexico in 1846.
Option A. is true.
Abraham Lincoln fully supported President Polk's legitimacy in declaring war on Mexico in 1846. Explosive population growth and competition for gold have led many racial and ethnic groups in California to work together for wealth.
In that document, Rep. Abraham Lincoln questioned President Polk's legitimacy, asking "whether the particular land on which so much of our citizens' blood has been spilled in our own soil." In 1848, the Treaty of Guadalupe Hidalgo ended...
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