Which of the following statements is/are correct with respect to the demand for money?
i. When the interest rate is high, the demand for money is low.
ii. When the interest rate is low, demand for money is also low.
iii. When the interest rate is high, demand for money is also high.
iv. When the interest rate is low, demand for money is high.
1
Only ii and iv
2
Only i and iv
3
Only ii and iii
4
Only i and ii