Answer: Varies directly with nominal Gross Domestic Product (GDP).
Explanation:
The Transactions Demand for money refers to money that is kept by individuals, companies and even the Government to be able to purchase goods and services.
It varies directly with Nominal GDP because Nominal GDP includes inflation.
If Nominal GDP were to rise for instance, it would mean that Inflation has risen as well which means that people would need more money to be able to buy the now more expensive goods and services. This is an increase in Transactions Demand for money.
The reverse holds true signifying indeed that Transactions Demand for money varies with Nominal GDP.
Answer:
Defense, military spendings.
Explanation:
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Hope this helped
Jeff
Answer: decrease the creditor's account balance and be posted to the debit
Explanation:
Allowances are reductions in the money owed to creditors and they include things like sales returns or sales discounts. When recorded, they should therefore reduce the amount in the creditor's account to show that less cash is owed to the creditor.
As Creditor accounts are liabilities, they are credited when they increase and debited when they decrease. They will therefore have to be debited in this instance.
Answer:
The correct answer is E. respond quickly
Explanation:
Respond quickly is a great strategy to gain customers' fidelity.