This topic contains a solution. Click here to go to the answer

Author Question: George makes 250 a week working as a student aid. When he cashes his check he takes 100 to the ... (Read 64 times)

abc

  • Hero Member
  • *****
  • Posts: 543
George makes 250 a week working as a student aid. When he cashes his check he takes 100 to the cashiers office to pay part of his tuition. 25 goes to paying off his books, 75 goes for entertainment and 50 he keeps for unexpected expenditures.
 
  Which of the following statements is TRUE?
  A) The transactions demand for money is 125, the precautionary demand is 75 and the asset demand is 50.
  B) The transactions demand for money is 0, the precautionary demand is 250 and the asset demand is 0.
  C) The transactions demand for money is 200, the precautionary demand is 50 and the asset demand is 0.
  D) The transactions demand for money is 250, the precautionary demand is 0 and the asset demand is 0.

Question 2

If the net public debt expanded last year, then which of the following most likely occurred during the year?
 
  A) The government's budget was balanced.
  B) The government's tax collections exceeded its spending.
  C) The government experienced a budget surplus.
  D) The government experienced a budget deficit.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jjorrostieta

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

C

Answer to Question 2

D




abc

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library