Author Question: Economists use different definitions of money because A) deposits can be domestic or ... (Read 31 times)

fasfsadfdsfa · **on:** Jun 30, 2018

Economists use different definitions of money because

A) deposits can be domestic or international.
B) deposits may be held at banks or savings and loans.
C) it is not always clear which assets are used primarily as money.
D) there are differences in the frequency with which depositors use their accounts.

Question 2

An assumption used in the quantity theory of money is that

A) velocity is constant.
B) the money supply is constant.
C) nominal Gross Domestic Product (GDP) is constant.
D) the price level is constant.