What are substitutes for money in transactions called?
A) Transactions factors
B) Substitution factors
C) Payment system factors
D) Credit clearing factors
Correct Answer:
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Q20: Velocity equals
A)PY/M.
B)M/PY.
C)MP/Y.
D)MY/P.
Q21: In the period since 1914,
A)M1 velocity has
Q22: During the 1980s, the velocity of M1
A)was
Q23: In the quantity theory of money demand,
A)velocity
Q24: According to Irving Fisher, the demand for
Q26: Which of the following is a key
Q27: The inclusion in M1 of interest-bearing substitutes
Q28: Fluctuations in velocity indicate that
A)changes in money
Q29: The correct expression for the equation of
Q30: After 1987, the Fed
A)stopped targeting M1 growth,
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