a. What is considered to be the price, or opportunity cost, of money? multiple choice 1 inflation rate interest rate production costs resource costs b. What is transaction demand for money? multiple choice 2 the demand for money to purchase goods and services the demand for money to be saved for future use the demand for money by firms to make change for customers the demand for money to be used as a unit of account c. What is asset demand for money? multiple choice 3 the demand for money to be saved for future use the demand for money by firms to purchase new capital equipment the demand for money to be used as a unit of account the demand for money to purchase goods and services d. How is total demand for money calculated? multiple choice 4 Total Money Demand = Asset Demand Transaction Demand Total Money Demand = Asset Demand Transaction Demand Total Money Demand = Money Supply Transaction Demand Total Money Demand = Money Supply Asset Demand