MKT-3.B—Define (using graphs as appropriate) equilibrium in the money market

Define (using graphs as appropriate) equilibrium in the money market.

• In the money market, equilibrium is achieved when the nominal interest rate is such that the quantities demanded and supplied of money are equal.
• Enduring understanding MKT-3: In the money market, demand for and supply of money determine the equilibrium nominal interest rate and influence the value of other financial assets.