The benefit of holding cash depends upon:

Select one:

a.

the current prices of the commodities.

b.

the current rate of interest.

c.

the fiscal policies of the government.

d.

the exchange rate in the international market.

e.

the future prices of the goods and services.

Expenditure on a good is calculated by:

Select one:

a.

dividing the units of the good consumed by price per unit of the good.

b.

adding the price per unit of the good with the quantity consumed.

c.

multiplying the price per unit of the good by the units of the good consumed.

d.

dividing the price per unit of the good by units of the good consumed.

e.

subtracting the price per unit of the good from the units of the good consumed.

For goods having a unit supply, the seller is willing to sell the good if:

Select one:

a.

the seller's valuation is equal to the price of the good.

b.

the seller's valuation is less than the price of the good.

c.

the seller's valuation is equal to the buyer's valuation of the good.

d.

the seller's valuation is greater than the buyer's valuation.

e.

the seller's valuation is greater than the price of the good.