There is no completely satisfactory way to define the money ...

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There is no completely satisfactory way to define the money supply in the United States because
 
  A) data on the money supply are always approximate and only available after a time lag of several months.
  B) much of it is held by the public and so cannot be monitored by the Fed.
  C) the Federal Reserve uses a number of different definitions.
  D) the liquidity of any asset is a matter of degree.

Question 2

What is the discounted value of 60,000 to be received after six years, if the ongoing rate of interest is 6 per annum?
 
  A) 41,212.84
  B) 42,297.63
  C) 44,666.95
  D) 51,220.64

[Expo]

Answer to Question 1

D

Answer to Question 2

B

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Thank you

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