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7. In the United States, what does the general level of a family's income have to do with the amount of cash the family is likely to hold?
The higher the real income, the more cash the family will hold.
The two factors are not related to each other.
The lower the real income, the more cash the family will hold.
The higher the real income, the less cash the family will hold.



Answer :

GinnyAnswer

Final answer:

Higher real income leads to lower cash holding in families due to economic principles.


Explanation:

The higher the real income, the less cash the family will hold. In economics, as a family's income increases, they tend to hold less cash and allocate more funds towards investments or expenditures. This relationship between income levels and cash holdings is influenced by various factors such as savings goals, investment opportunities, and consumption patterns.


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