1. Transactional demand for money is 12% of GDP. Money supply is

500 million UAH. The dependence of speculative demand for money on the

interest rate is shown in the table.

interest rate, % 20 18 16 14 12

speculative

demand for

money, million

UAH

80 90 120 140 180

1. Find the equilibrium interest rate if GDP is 3000 million UAH.

2. Find the equilibrium interest rate if the GDP is the same and the money supply

has decreased by 20 million UAH

6. (2 points) Using the Fisher equation, calculate the stock of money that is

necessary for the functioning of the economy. Nominal GDP is 1000 monetary

units, and the velocity of money is 6 times a year.