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tankabanditka [31]
3 years ago
15

The transactions demand for money sometimes directly and sometimes inversely with nominal Gross Domestic Product (GDP). varies i

nversely with nominal Gross Domestic Product (GDP). varies directly with nominal Gross Domestic Product (GDP). has no relationship with nominal Gross Domestic Product (GDP).
Business
1 answer:
Lunna [17]3 years ago
5 0

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.

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puteri [66]

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3 years ago
Scott, a young professional, buys a new BMW, even though a Mercedes would have cost him less. Scott values the BMW brand. This i
ivanzaharov [21]

Answer:

The correct response will be "Paying a premium price ".

Explanation:

  • Each consumption has the fundamental economic intention of obtaining products that have the highest possible and the limit requirements at the lowest competitive prices.
  • And therefore, satisfied customers frequently ignore that instinct because some other manufacturer is still connected to something like the commodity.
5 0
3 years ago
Jonas doesn't want to keep his savings in an account because he doesn't want to pay bank fees. Which of the following is an argu
blsea [12.9K]

The correct answer is C. Money is safer in the bank.

Explanation:

The main point or position of Jonas is that savings should be kept in an account due to the costs associated with this. In this context, the only argument that refutes Jonas' position and it is directly related to the main point of Jonas is "Money is safer in the bank" because even if keeping savings in a bank requires to pay fees this guarantees the money will be safe, which does not occur if Jonas keeps his savings at home. Moreover, the safety factor makes the option of the bank better, which refutes Jonas position.

3 0
3 years ago
Nadine is retiring today and has $96,000 in her retirement savings. She expects to earn 5.5 percent, compounded monthly. How muc
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Answer:

The monthly withdrawal is $701.10  

Explanation:

The monthly withdrawal can be computed with PMT formula using excel spreadsheet.

The formula is PMT(rate,nper,-pv)

The fv and type are both taken as zero.

However, the rate of 5.5 % given in the question is a yearly rate,but the requirement of the question is monthly withdrawal, hence the rate is divided by 12 months to reflect a monthly rate i.e 5.5%/12

Besides, the nper should  also to be adapted to show that the withdrawal is to be made every month for 18 years, hence nper is 12*18

The computation of the pmt based on the above highlighted points is found in the attached.

Download xlsx
6 0
3 years ago
Real per capita gross domestic product (GDP) is higher in the United States than in Bangladesh. Based on that, we could predict
Vinil7 [7]

Answer:

b. adult literacy; infant mortality

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