If the growth rate of the money supply is 5 percent, the inflation rate is 2 percent, and real output growth is 2 percent, what is the growth rate of the velocity of money?
A. ?5 percent
B. ?1 percent
C. +1 percent
D. +5 percent
Answer: B
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In a learning organization, learning from mistakes and adapting accordingly is crucial.
Answer the following statement true (T) or false (F)
What QuickBooks activity comes next in this series of business activities? Create Invoice > Receive Payments > ________
A. Pay Bills B. Create Sales Receipts C. Receive Undeposited Funds D. Make Deposit
A cashier at Carter's cafeteria can total an average of 2.2 trays per minute. The probability that the cashier will total exactly four trays in a minute is:
a. 0.9275. b. 0.8918. c. 0.1082. d. 0.0992. e. 0.1169.
In an audit in accordance with Government Auditing Standards, the auditors are required to provide a report on:
A. The schedule of financial assistance received. B. Compliance applicable to major federal programs. C. Compliance with laws and regulations which are required to be tested by generally accepted auditing standards. D. Internal control systems used in administering federal assistance programs.