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QUESTION

Increases in the rate of inflation will induce consumers to make more frequent trips to the bank to withdraw cash whenever the cost of the extra

Increases in the rate of inflation will induce consumers to make more frequent trips to the bank to withdraw cash whenever the cost of the extra trips is ______ the benefit of holding less cash subject to purchasing power losses from inflation.

A. greater than

B. greater than or less than

C. less than

D. twice the consumer price index times

E. equal to

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