If the Dollars Held for Transactions Purposes Are, on the Average

question 227

Multiple Choice

If the dollars held for transactions purposes are, on the average, spent four times a year for final goods and services, then the quantity of money people will wish to hold for transactions is equal to:

• A)four percent of nominal GDP.
• B)25 percent of nominal GDP.
• C)nominal GDP multiplied times 4.
• D)nominal GDP divided by 25.

---

Definitions:

Middle Childhood

A developmental stage that typically includes children from ages 6 to 12, characterized by physical, cognitive, and social growth.

Well Liked

Describes someone who is favorable or pleasing to others, often due to their personality, actions, or characteristics.

Undifferentiated Level

A stage of development in Piaget’s theory where children have not yet developed the ability to see things from perspectives other than their own.

Egocentric

Pertaining to an individual's tendency to perceive, understand, and interpret the world primarily in relation to oneself.