The average number of times per year that a dollar bill is used to pay for final goods and services is the:
A. Monetary rule
B. Velocity of money
C. Asset demand for money
D. Transactions demand for money
B. Velocity of money
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Assume that maximum feasible hourly productions levels if all resources are utilized in the United States are either 3 yards of fabric or 9 bushels of wheat
Maximum feasible production levels if all resources are utilized in Japan are either 6 yards of fabric or 12 bushels of wheat. Based on this information A) beneficial trade is absolutely impossible between the two countries. B) the United States will benefit from trading but Japan will not. C) both nations will gain from specialization and trade, with the United States exporting wheat and Japan exporting fabric. D) Japan should specialize in both products.
The three major sources of economic profit are
a. risk-bearing, innovation, and exercise of monopoly power. b. risk-bearing, rent seeking, and discounting. c. innovation, invention, and speculation. d. exercise of market power, marginalization, and speculation.
The Taylor Rule provides policymakers with a target for
A) the federal funds rate. B) the discount rate. C) the inflation rate. D) the unemployment rate. E) c and d
Which of the following statements about the FDIC is correct?I.The deposit insurance premiums charged by the FDIC to a member bank fully reflect the riskiness of that bank's assetsII.The manner in which the FDIC is set up helps protect depository institutions from the rigors of true market competition
A. I only B. II only C. Both I and II D. Neither I nor II