Suppose a typical household holds $500 when the interest rate is 2 percent.
When the interest rate rises to 3 percent, the household would most likely hold:

A) less money because the opportunity cost of holding money is higher.
B) less money because the opportunity cost of holding money is lower.
C) more money because the opportunity cost of holding money is higher.
D) more money because the opportunity cost of holding money is lower.

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals