A Volatile Velocity of Money Is, According to Keynesians, Equivalent

question 23

Multiple Choice

A volatile velocity of money is, according to Keynesians, equivalent to saying:

• A) the supply of money is volatile.
• B) the demand for money is stable.
• C) the supply of money is stable.
• D) the demand for money is volatile.

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Definitions:

Good Faith

A principle that emphasizes honesty, fairness, and integrity in the fulfillment of contractual obligations or in negotiations.

Reasonable Commercial Standards

A legal concept referring to the standard practices and methods used by reasonably prudent and competent parties in a particular industry.

Honesty

The quality of being truthful and free from deceit or fraud.

Holder In Due Course

A legal term for a party that has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defects in title and prior claims.