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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Definitions:

Sweetened

means making an offer or deal more attractive by adding benefits or incentives to encourage acceptance.

Active Voice

A sentence structure where the subject performs the action expressed by the verb, resulting in clear and direct expressions.

Reading

The process of interpreting and understanding written or printed material.

Manufactured

Produced or made using machinery in a systematic process, typically on a large scale in factories.