All of the following are true with respect to the money market EXCEPT; Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the transactions demand for money is independent of the interest rate. b the opportunity cost of holding cash balances is higher at higher rates of interest than at lower rates of interest. when the interest rate is above the equilibrium interest rate, people are likely to move into of cash and out of interest- C bearing assets. d the downward sloping money demand curve represents the asset demand for money