967EconomicsMedium
When money demand is expressed in a graph with the interest rate on the vertical axis and the quantity of money on the horizontal axis an increase in the interest rate?
Aincrease the quantity demanded of money
Bdecrease the quantity demanded of money
CNone of these answers
Dincreases the demand for money
Edecreases the demand for money
Correct answer
B. decrease the quantity demanded of money
Explanation
The correct answer is decrease the quantity demanded of money.