Real balance effect relates to
A. the effect which a change in value of the real cash balances held by the public produces in the economy.
B. the effect which a change in value of the real cash balances held by the commercial banks produces in the economy.
C. the effect which a change in value of the real cash balances held by the multi-national banks produces in the economy.
D. the effect which a change in value of the real cash balances held by the NBFIs produces in the economy.
Answer:A
Real balance effect relates to
A. the effect which a change in value of the real cash balances held by the public produces in the economy. B. the effect which a change in value of the real cash balances held by the commercial banks produces in the economy. C. the effect which a change in value of the real cash balances held by the multi-national banks produces in the economy. D. the effect which a change in value of the real cash balances held by the NBFIs produces in the economy.