Question : The following represent the opportunity cost of holding money, except:
Option 1: Loss of utility from goods that could have been purchased with the same amount of money
Option 2: Loss of interest-earning on cash holdings
Option 3: Loss of purchasing power of money due to inflation
Option 4: Transaction cost in withdrawing money
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Correct Answer: Transaction cost in withdrawing money
Solution : The answer is the Transaction cost of withdrawing money.
In economics, opportunity cost is the value or benefits that entrepreneurs, small firms, organisations, investors, or individuals pass on because they would rather do or achieve something else. The following represent the opportunity cost of holding money, except for the transaction cost of withdrawing money.
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