How would interest paid on checking affect demand for money


Problem

Checking Account Interest Rates. During the 1980s, banks started to pay interest (at low rates) on checking accounts for the first time. Given what you know about opportunity costs, how would interest paid on checking affect the demand for money?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How would interest paid on checking affect demand for money
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