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

Author Question: If a nation's nominal GDP is 40 billion, its money supply is 8 billion, and its price level is 1.25, ... (Read 102 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
If a nation's nominal GDP is 40 billion, its money supply is 8 billion, and its price level is 1.25, then the velocity of money is
 
  A) 2.0. B) 0.2. C) 6.25. D) 5.0.

Question 2

The fraction of deposits that banks are required by law to hold and not lend out are called its
 
  A) required reserves. B) net worth. C) excess reserves. D) reserves.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

C

Answer to Question 2

A




Tazate

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Excellent


kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

For a complete list of videos, visit our video library