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    5. What is the optimal number of trips to bank such that cost of holding money is minimum, if the rate

    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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