Question Type: MCQ

Question No$.10.$ Mark$/$s: $1\mathrm{.}00|$ Negative Mark$/$s: $0\mathrm{.}00$

Consider an economy that produces only bread. If the quantity of money is $10,$ and the price of a loaf is $0\mathrm{.}50,$ then real money balances are:

$50$

$40$

$10$

$20$