he velocity of money represents: (a) Whether individuals are increasing or decreasing the quantity of money spent in an economy (b) The quantity of money available in an economy (c) The level of prices determined by the equation of exchange (d) How often money is used in a specific period of time (e) Whether currency is accepted as a medium of exchange in an economy
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- The velocity of money represents:
(a) Whether individuals are increasing or decreasing the quantity of money spent in an economy
(b) The quantity of money available in an economy
(c) The level of prices determined by the equation of exchange
(d) How often money is used in a specific period of time
(e) Whether currency is accepted as a medium of exchange in an economy
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Solved in 2 steps
- Why did british soldiers in German prisoner of war camps in WW1 smoke the best cigarettes and use the low-quality ones as money ?Group of answer choices A. because Gresham's Laws holds B. because the velocity of money is constant C. because the equations of exchange holdsMultiple Choice. Select the most suitable answer. The speculative demand for money suggests that: (a) Individuals hold onto money for the purpose of engaging in transactions (b) As the rate of interest rate increases, the demand for money will rise (c) When the economy becomes more uncertain, people are more likely to hold unto money (d) The velocity of money is constant (e) As the rate of interest falls, the demand for money will rise.Here is a chance to figure out technical material as a group. What are the key features and practices of monetary expansion. In other words, how do private commercial banks multiply the quantity of money placed in circulation by the Federal Reserve?
- The monetary policy rate is the rate at which the Central Bank of Ghana lends to commercial banks. The results from table 4.4.1 shows that the monetary rate in Ghana declined from 2019 to 2021, before rising in 2022. The decline in the monetary rate from 2019 to 2021 can be attributed to an expansionary monetary policy, which was implemented to boost the economy of Ghana by reducing unemployment. The rise in the monetary rate in 2022 is a sign of a contractionary monetary policy, which is intended to reduce money supply and increase the cost of borrowing. This can help control inflation but may also lead to lower economic growth due to reduced aggregate demand (consumption). Consumption which is a component of GDP, the decrease in Aggregate demand will lead to decrease GDP and economic growth at large. Digitalization has become the norm in all parts of life, including finance. Mobile money has acquired substantial acceptance in Ghana as a simple mechanism for fund transfers, payments,…The economic boom of the early 1940s resulted mostly from a. increased government expenditures. b. rapid developments in transportation, electronics, and communication. c. falling prices of oil and other natural resources. d. an increase in the growth rate of the money supply.Topic: Discuss the inflation dynamics in emerging markets between 2017 and 2022 and the implications for the conduct of monetary policy with a particular focus on South Africa.
- According to the equation of exchange, if the money supply is $700 million, real GDP is $1,600 million, and nominal GDP is $3,220 million, then the velocity of money is equal to:When the growth rate of the money supply is decreased, interest rates will fall immediately if the liquidity effect is _____ than the other money supply effects and there is _____ adjustment of expected inflation. Question 18 options: larger; fast larger; slow smaller; slow smaller; fastIn countries with extremely high inflation, increases in the money supply: A) are quickly translated into changes in the inflation rate. B) do not affect the price level. C) will decrease real GDP. D) will increase real GDP.
- The measure of how many times a unit of currency is used for economic transactions in an economy is called the a.Velocity of money b.Misallocation of resources c.Nominal interest rate d.Menu costsONLY QUESTION 2 The central bank of the country is concerned about the possibility that the country is going to face a high inflation rate, and it adopted a contractionary monetary policy as a result. Analyse how the central bank policy will affect the market for bonds: price, demand, and supply of bonds (hint: refer to relationship between the interest rate and the price of bonds). Using a graph of the money market, discuss how it will affect the demand for and the supply of money. Analyse the process of achieving equilibrium in the money market.Reflections on a classic: A Monetary History of the United States, 1867 to 1960, by Milton Friedman and Anna Schwartz, is a classic study of monetary policy and was published in 1963. Read the interview with Anna Schwartz available at www.minneapolisfed.org/pubs/region/93-09/int939.cfm, and explain what you think was the main contribution of this book. (Other interesting interviews with famous macroeconomists are gathered at http://minneapolisfed.org /pubs/region.)