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The "demand for real balances" refers to

A

the nominal amount of money actually held in bank checking accounts.

B

the purchasing power of the money the public desires to hold.

C

The dollar value of the money the public desires to hold.

D

the value of tangible money, such as cash and coins, but not intangible money such as bank deposits.

E

the amount of money the central bank desires the public to hold.

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