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Interest Rates and ATM Trips Carlos who lives in a country where interest rates are...

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Basic Math

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Interest Rates and ATM Trips Carlos who lives in a country where interest rates are very high goes to an ATM every day to get 10 of spending money Art who lives in a country with relatively low interest rates goes to the ATM once a month to get 300 spending money Why does Carlos use the ATM more frequently Assume they both have interest bearing checking accounts O A Art s opportunity cost of holding cash is higher B Carlos opportunity cost of holding cash is higher C Carlos doesn t like to carry a lot of cash D High interest rates imply low banking fees

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