If the present rate of interest is $10 %$ , the maximum interest rate is $15 %$ and the minimum interest rate is $5 %$ , which of the following is the speculative demand for money?

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Solution

The correct option is D
1

Speculative demand for money is given by $M_{s}^{d} = \frac{(r_{max} - r)}{r - r_{min}}$

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