What is opportunity cost of people increasing money holdings, Macroeconomics

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What is opportunity cost of people increasing money holdings

Problem

a) Describe why people choose to keep money in cash balances. Give local examples.

b) What is the opportunity cost of people increasing money holdings? Explain.

c) Explain the characteristics of such item in order to recognize as money. Provide examples.

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Macroeconomics: What is opportunity cost of people increasing money holdings

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Macroeconomics: What is opportunity cost of people increasing money holdings

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