The quantity theory of money was derived from the quantity equation by asserting that
A) real output was fixed.
B) the money supply was fixed.
C) the velocity of money was fixed.
D) the velocity of money was zero.
Answer: C
You might also like to view...
When a nation exports a good, its ________ surplus increases, and when it imports a good, its ________ surplus increases
A) total; total B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer
A banking system that provides people immediate access to their deposits, but that allows banks to hold only a portion of those deposits on reserve, is known as:
a. an excess reserve system. b. a fractional reserve system. c. the Fed. d. the FDIC. e. an asset-based system.
How much should a bank charge for a loan, if the anticipated inflation rate is 2 percent, and the bank wants to earn 4 percent on this $1,000,000 loan?
A. 6 percent B. 0 percent C. $20,000 D. $10,000
In 2017 about 28% of personal income in the United States came from
A. property income. B. profits. C. transfer payments. D. wages and salaries.