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3 years ago

In a macroeconomic context, choose the best definition for the term "velocity".

Business

1 answer:

ddd [48]3 years ago

4 0

Answer:

The rate at which money circulates through an economy.

The velocity in the Mushroom Kingdom , is 6.3213

Explanation:

The equilibrium quantity in the money market is determinated as the product between the money stock (the gold coins in this case)and the money velocity

GDP = demand of money ( as we need money to purchase the goods and services)

money stock = 13,719

velocity = demand / money stock

86,722/13,719 = 6.3213

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The correct option is D.
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3 years ago

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You bought a stock for $28.29 and sell it for $35 after four years. What was the true annual rate of return (compounded)

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3 years ago

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The invention of photography was initially important because:

marin [14]

Answer:

D. it helped artists, scientists, and journalists communicate in a new way.

Explanation:

The invention of photography helped in preserving the images and storing them for the future. Photography helped in the creation of a new medium of communication. The movement led towards the development in the field of history, science, art, and industry. The information can be archived and stored. Also, photography led to the new way of perceiving things from the eyes of the photographer and the journalists. It gave a new outlook to the artists to present their art forms.

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3 years ago

Thom owes $7,200 on his credit card. The credit card carries an APR of 18.4 percent compounded monthly. If Thom makes monthly pa

DanielleElmas [232]

Answer: 45 months

Explanation:

Credit owed $7200

Monthly payment $225

APR annaully 18.4%

Monthly APR = 18.4/12 = 1.533%

SOLUTION

1st Month interest payment

1.533% x $7200 / 100 = $110.40

Principal paid (monthly payment - interest paid) = $225 - $110.40 = $114.60

Balance ( principal - principal paid) = 7200 - 114.60 = $7085.40

2nd Month interest payment

1.533% x $7085.40 / 100 = $108.64

Principal paid (monthly payment - interest paid) = $225 - $108.64 = $116.36

Balance ( principal - principal paid) = $7085.40 - $116.36 = $6969.04

By following this step up to the 45th month you get $74.74 as the monthly payment this sums up to.

Month interest payment

1.533% x $74.74 / 100 = $1.15

Principal paid (monthly payment - interest paid) = $75.88 - $1.15 = $74.74

Balance ( principal - principal paid) = $74.74 - $74.74 = $0

The payment would be completed at exactly 45months

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3 years ago