CharlieJP8303 CharlieJP8303
  • 25-04-2019
  • Business
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The equilibrium rate of interest in the market for money is determined by the intersection of the

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MrsTriplet MrsTriplet
  • 29-04-2019

Answer: The equilibrium rate of interest in the market for money is determined by the intersection of the supply of money curve and the total demand for money curve.

Explanation: To determine the equilibrium rate of interest, it's necessary to study where the supply and demand curve points intersect. When supply and demand are equal, equilibrium has been achieved. 

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