Solve the Problem. -Jamil Always Throws Loose Change into a Pencil Holder on Pencil

question 223

Multiple Choice

Solve the problem.
-Jamil always throws loose change into a pencil holder on his desk and takes it out every two weeks. This time it is all nickels and dimes. There are 2 times as many dimes as nickels, and the value of the dimes is
$0.90 more than the value of the nickels. How many nickels and dimes does Jamil have?

• A)6 nickels and 12 dimes
• B)7 nickels and 14 dimes
• C)5 nickels and 10 dimes
• D)12 nickels and 6 dimes

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Definitions:

Expansionary Monetary Policy

A policy by the central bank to increase money supply and encourage economic growth, typically through lowering interest rates.

Fed

Short for Federal Reserve, the central banking system of the United States, responsible for monetary policy.

Market Interest Rate

The prevailing rate at which borrowers can obtain loans and depositors can earn on their investments in the financial market, influenced by supply and demand forces.

Money Supply

The whole value of monetary assets available in an economy at a certain instance.