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Choose the correct one The quantity theory of money assumes that: prices are constant. the money supply is constant. velocity is constant. income is constant.
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The quantity theory of money assumes that:
- prices are constant.
- the money supply is constant.
- velocity is constant.
- income is constant.
The currency-deposit ratio is determined by:
Group of answer choices
- the Federal Reserve.
- preferences of households about the form of money they wish to hold.
- the Federal Deposit Insurance Corporation (FDIC).
- business policies of banks and the laws regulating banks.
In the United States, the money supply is determined:
Group of answer choices
- according to a constant-growth-rate rule.
- only by the behavior of individuals who hold money and of banks in which money is held.
- only by the Fed.
- jointly by the Fed and by the behavior of individuals who hold money and of banks in which money is held.
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