Concept Question 15 Which of the following is an example of

Concept Question 1.5 Which of the following is an example of the transactions demand for money? O A. Since the stock market has been volatile lately. Jean holds most of her savings in a bank account O B. Marianne uses money in her checking account to buy groceries every week O C. Joan believes that gold is an excellent store of value. O D. Carla keeps $2,000 in a bank account in case of emergencies Click to select your answer and then click Check Answer Clear All This course (ECON 2105-051, Summer 2018) is based on Miller Economics Today 18e

Solution

Ans:

Option B

Marianne uses money in her checking account to buy groceries every week.

The transactions demand for money means money functioning as a medium of exchange.In this case money is used buy groceries.