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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 95 times)

Tazate

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on: Jun 30, 2018
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.


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bigsis44

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


Tazate

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ryansturges

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Reply 3 on: Yesterday
Excellent

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