问题
单项选择题
If households are holding larger real money balances than they desire, which of the following is least likely（）
A. The opportunity cost of holding money balances will decrease.
B. Households will bid up securities prices.
C. The central bank must sell securities to absorb the excess money supply and establish equilibrium.
答案
参考答案：C
解析：
If households’ real money balances are larger than they desire, the interest rate ( opportunity cost of holding money balances) is higher than its equilibrium rate. Households will use their undesired excess cash to buy securities, bidding up securities prices and reducing the interest rate toward equilibrium. This market process does not require any action by the central bank.