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Racer Smikkelbeer (smikkel)
Race Number 37
Date Thu, 19 Apr 2018 13:44:48 +0000
Speed 58 WPM Try to beat?
Accuracy 95.4%
Rank 2nd place (out of 5)
Opponents petersilverstone (4th place) yaboikinley (1st place)

Text typed:

Money is like other goods: the higher the opportunity cost, the less of it we want to hold. Consider, first, how the transactions' demand for money (i.e., the money held to facilitate purchases of goods and services) is affected by higher interest rates. When the opportunity cost of money is high, we lose interest by holding more of it, so we find ways to hold less. For example, if interest rates are high enough, we might reduce the funds in our pockets and in our bank accounts and take funds out of interest-bearing mutual funds in smaller amounts more frequently.
Applied Intermediate Macroeconomics (book) by Kevin D. Hoover (see stats)

Typing Review:

Race text:
Money is like other goods: the higher the opportunity cost, the less of it we want to hold. Consider, first, how the transactions' demand for money (i.e., the money held to facilitate purchases of goods and services) is affected by higher interest rates. When the opportunity cost of money is high, we lose interest by holding more of it, so we find ways to hold less. For example, if interest rates are high enough, we might reduce the funds in our pockets and in our bank accounts and take funds out of interest-bearing mutual funds in smaller amounts more frequently.
Time:
0:00
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Typing replay:
Analysis:
Mistakes:
  1. opportunity
  2. first,
  3. how
  4. transactions'
  5. (i.e.,
  6. purchases
  7. services)
  8. higher
  9. interest
  10. When
  11. money
  12. interest
  13. For
  14. interest
  15. are
  16. our
  17. our
  18. accounts
  19. of
  20. interest-bearing
  21. amounts
  22. frequently.