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

question 227

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 is equal to:

• A)four 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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