The Opportunity Cost of Holding Money
{"Image DocumentName": "The Opportunity Cost of Holding Money", "Image ImageDescription": "Holding money in your pocket is convenient because it allows you to conveniently make purchases. The price of that convenience is that money in your pocket earns no interest. Suppose you could put  100 in a 12-month CD that would earn 5% A CD is not very liquid because if you withdraw the money before 12 months, you forfeit most of the interest.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}