People demand cash only to finance transactions. TRUE / FALSE

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter15: Monetary Theory And Policy
Section: Chapter Questions
Problem 1.1P
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Which of the following are true:

  1. People demand cash only to finance transactions. TRUE / FALSE
  2. The demand for money has fallen during the Covid-19 pandemic TRUE / FALSE
  3. During times of economic uncertainty people hoard cash. TRUE / FALSE
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