MAY 2025Foundation
Which of the following is NOT one of the four determinants of the Friedman's demand for money?
A
(A) Nominal Demand for money is a function of total wealth.
B
(B) It is positively related to price level P, if price level rises the demand for money increases.
C
(C) Nominal demand for money falls if the opportunity costs of money holding declines.
D
(D) Nominal Demand for money is influenced by inflation.