In North America,"one Drink" Is Defined as ________ Ounce(s)or 15

question 73

Short Answer

In North America,"one drink" is defined as ________ ounce(s)or 15 grams of alcohol.This is equivalent to 12 ounces of beer,5 ounces of wine,or a 1.5-ounce shot of hard liquor.

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Definitions:

Equation of Exchange

An economic equation that relates the quantity of money, its velocity, and the price level of goods and services to the nominal value of transactions.

Inflation Rate

The uptick in percentage of goods and services' prices in an economy throughout a certain duration.

Annual Income

The total amount of income earned over a year from all sources including wages, salaries, bonuses, dividends, and interest.

Nominal Interest Rate

The rate of interest charged on a loan without taking the inflation rate into account.