A, B and C are the sole inhabitants of Queenstown. Their total holdings of $200 between them constitute the only currency in circulation.

1.On Tuesday A pays B $20 for some fish; B buys a tie that C makes for $15;

C buys a smoothie from A for $5. What is the velocity of money Von Tuesday?

2.On Wednesday A buys cheese from C; B makes cupcakes and sells them to C for $30;

B buys nothing. If the velocity of money Vis equal to 0.3, how much did A pay C for the cheese?

3.g= 70% between Tuesday and Wednesday. What is the implied infation rate between Tuesday and Wednesday?