View Pit Stop page for race #2355 by tung1x45 — Ghost race
View profile for Lucario387 (tung1x45)
| Official speed | 75.82 wpm (90.21 seconds elapsed during race) |
|---|---|
| Race Start | March 19, 2019 8:50:37am UTC |
| Race Finish | March 19, 2019 8:52:07am UTC |
| Outcome | Win (1 of 2) |
| Accuracy | 95.0% |
| Points | 126.36 |
| Text | #3640304 (Length: 570 characters) Money is like other goods: the higher the opportunity cost, the less of it we want to hold. Consider, first, how the transactions' demand for money (i.e., the money held to facilitate purchases of goods and services) is affected by higher interest rates. When the opportunity cost of money is high, we lose interest by holding more of it, so we find ways to hold less. For example, if interest rates are high enough, we might reduce the funds in our pockets and in our bank accounts and take funds out of interest-bearing mutual funds in smaller amounts more frequently. |