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

question 209

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 purposes is equal to

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

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Definitions:

Eukaryotes

Beings that have cells which include a nucleus and different organelles, all surrounded by membranes.

Lac Operon

A group of genes in bacteria controlled by a single promoter, involved in lactose metabolism and regulation of gene expression.

Master Genes

Master genes are genes that control the activity of other genes, playing a critical role in regulating development and differentiation within living organisms.

Repressor

Transcription factor that slows or stops transcription.