At a given point in time,if the demand for money increases:
A)the interest rate will fall.
B)there will be a movement downward along the money demand curve.
C)there will be a movement upward along the money demand curve.
D)there will be a rightward shift of the money demand curve.
E)there will be a leftward shift of the money demand curve.

Question

Quizplus · Accepted Answer

When the demand for money increases, it is represented by a rightward shift of the money demand curve, indicating that at each interest rate, individuals wish to hold more money than before.

At a Given Point in Time,if the Demand for Money