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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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Cross-elasticity of demand is: a.the willingness to substitute other products. b.a factor in determining resale price maintenanc
erik [133]

Cross-elasticity of demand is a) the willingness to substitute other products.

If the goods are alternative products, the cross elasticity of demand is tremendous which means that demand for one product will increase when the charge of the alternative product will increase and vice versa

If the products are complementary, go elasticity of demand is terrible which means that once the fee of 1 product will increase, demand for the opposite product decreases and vice versa.

The go-rate elasticity formulation is an equation for calculating the pass-price elasticity of call for (XED) of separate services or products: go rate elasticity (XED) = (% change in call for of product A) / (% alternate of fee of product B), wherein merchandise A and B are exceptional services.

In economics, the pass elasticity of call for or go-price elasticity of demand measures the percentage change of the quantity demanded an awesome to the percentage change in the fee of another proper, ceteris paribus.

The cross elasticity of call for is an economic concept that measures the responsiveness in the amount demanded of one good while the fee for some other correct modifications.

Learn more about Cross-elasticity here brainly.com/question/22985521

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3 0
1 year ago
You save $5,000.00 and invest 60% of it in stocks while leaving the rest in a savings account earning a 4.9% APR. The stock incr
LiRa [457]
Amount invested in stocks 5,000 X 0.60 = 3,000

After one year gains 9%
3,000 X ( 1 + 0.09) = 3,270

After second year loses 4%
3,270 X ( 1 - 0.04) = 3,139.2 amount after second year

So Stocks gained 139.2 ( 3139.2 - 3000)

Amount of saving account
5,000 X 0.40 = 2,000

After 2 years
2,200 X ( 1 + 0.049)^(2) = 2,200.802

So gained 200.802 (2200.802 - 2000)

Total amount after 2 years
3,139.2 + 2,200.802 = 5,340.002

Gained 340.002 (5340.002 -5000)
7 0
2 years ago
Use the following information to answer the next two questions: A company had the following transactions during September, the f
horsena [70]

Answer: 326,500

I’m not 100% sure why,but I had the same question on an assignment and that was the answer.

4 0
2 years ago
On January 1, 2019, Park Company accepted a $36,000, non-interest-bearing, 3-year note from a major customer in exchange for use
Darya [45]

Answer:

$28,560

Explanation:

Calculation for the carrying value of the note receivable on Park’s December 31, 2019, balance sheet

Using this formula

Carrying value of note receivable =Present value of the note +(Imputed interest rate ×Present value of the note )

Let plug in the formula

Carrying value of note receivable=$25,500+(12%×$25,500)

Carrying value of note receivable=$25,500+$3,060

Carrying value of note receivable=$28,560

Therefore the carrying value of the note receivable on Park’s December 31, 2019, balance sheet will be $28,560

7 0
3 years ago
Making a minimum payment:
stich3 [128]
Making<span> the total </span>minimum payment<span> each month </span>means<span> you avoid a late </span>payment <span>fee and ensures you can keep using your card. This is the defenition  of making a minimum payment so I would go with answer A</span>
5 0
3 years ago
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