中等ECON-MONE-008
The interest rate on bonds rises. Speculative money demand:
A. Rises, because bonds and money are the same asset
B. Falls, because the opportunity cost of holding money is higher✓ 答案
C. Shifts because income has changed
D. Equals the required reserve ratio
解說
The speculative motive is holding money instead of interest-bearing assets. A higher interest rate raises the interest given up, so people hold less money for this motive. That is a movement along money demand, not an income shift.