Answer the Question on the Basis of the Following Information

question 78

Multiple Choice

Answer the question on the basis of the following information.For transactions,households and businesses want to hold an amount of money equal to one-half of nominal GDP.The table shows the amounts of money they want to hold as an asset at various interest rates. $\begin{array}{l}\begin{array}{cc}\underline{\text { Interest Rate} } & \underline{\text { Amount of Money Demanded }}\\10 \% & \$ 20 \\8 & 40 \\6 & 60 \\4 & 80 \\2 & 100\end{array}\end{array}$ Refer to the given information.If nominal GDP is $200 and the interest rate is 6 percent,the total amount of money that households and businesses will want to hold is:

• A) $120.
• B) $140.
• C) $160.
• D) $180.

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Definitions:

Dying and Death Situations

Circumstances or conditions related to the process of dying or the moment of death.

Young Adults

Individuals in the transition phase between adolescence and full adulthood, roughly aging from 18 to 25 years, experiencing significant life changes and decisions.

Inevitability of Death

The absolute certainty that death is a natural and unavoidable part of life for all living beings.

Violence

Behavior involving physical force intended to hurt, damage, or kill someone or something.