Based on the Given Table, the Equilibrium Interest Rate Is

$$\begin{array} { | c | c | c | c | } \hline \text { Interest Rate } & \begin{array} { c } \text { Transactions Demand for } \\\text { Money }\end{array} & \text { Asset Demand for Money } & \text { Money Supply } \\\hline 2 \% & \$ 220 & \$ 300 & \$ 460 \\\hline 4 & 220 & 280 & 460 \\\hline 6 & 220 & 260 & 460 \\\hline 8 & 220 & 240 & 460 \\\hline 10 & 220 & 220 & 460 \\\hline\end{array}$$ Based on the given table, the equilibrium interest rate is

A) 2 percent.
B) 4 percent.
C) 6 percent.
D) 8 percent.

Correct Answer:

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