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    Question

    What is the optimal number of trips to bank such that

    cost of holding money is minimum, if the rate of interest foregone is 10% , income is 100 and the transaction cost is 20
    A 2 Correct Answer Incorrect Answer
    B 3 Correct Answer Incorrect Answer
    C 4 Correct Answer Incorrect Answer
    D 5 Correct Answer Incorrect Answer

    Solution

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