Please answer the following

1. Define velocity of money and discuss the major determinants of velocity. 2. Assume GDP is currently $20,000 per year and the quantity of money is $800. What is the velocity of money? The nation collectively holds enough money to finance how many clays worth of GDP expenditure? 3. If bank A borrows $5 million from bank B, what happens to the reserves in bank A? In the banking system? Please explain. 4. If bank A borrows $5 million from the Fed, what happens to reserves in bank A?. In the banking system? Please explain