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VladimirAG [237]
3 years ago
14

According to the basic quantity equation of money, if price and output fall while velocity increases, then: Group of answer choi

ces
Business
1 answer:
sp2606 [1]3 years ago
8 0

Answer:

The quantity of money will fall as well.

Explanation:

According to the quantity theory of money, money supply (M) and price level (P) in an economy are in direct proportion to one another.

In other words, the percentage change in price level is proportionate to the percentage change in Money Supplied.

The formula is given as:

M*V= P*T

where,  V = Velocity of money  and T = volume of the transactions.

Cheers!

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Answer:

Please see details below:

Explanation:

Sales  $16.540  

Salaries Expenses  -$7.740

Miscellaneous Expenses -$5.820  

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Balance Sheets

Assets  

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Accounts Receivable  $16.540  

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TOTAL LIABILITIES   9.170  

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TOTAL EQUITY   84.930  

 

6 0
3 years ago
Each currency has a changing value relative to other countries. This is referred to as the country’s blank
alex41 [277]

Each currency has a changing value relative to other currencies. This is referred to as a<u> "currency's exchange rate."</u>


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3 years ago
Which of the following is an example of a financial asset?
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Answer:

A. cash

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cash is used in finance

5 0
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Who is the First african american millionaire invented black hair care products?
Shalnov [3]

Answer: Madam C. J Walker

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