The velocity of money is, according to the equation of exchange, equal to PM. is, according to the equation of exchange, equal to MY. indicates the speed with which the U.S. Treasury can mint new coins. indicates the number of times per year a dollar is spent on final goods and services. QUESTION 50 Thrift institutions recelve most of their funds from the public's savings deposits. include credit unions but not savings and loan assoclations. include commercial banks and investment firms. do not offer transaction deposits. QUESTION 51 United States coins and currency are backed by gold. silver. reserves of foreign currencies. confldence that they will retain their value QUESTION 52 Wage and price stickiness causes changes in aggregate demand to have long-run effects on real GDP. changes in aggregate dernand to have short-run effects on real GDP. changes in aggregate demand to have no short-run effects on real GDP. changes in aggregate demand to have both short-run and long-run offects on real GDP. QUESTION 53 What would cause a bank run? Depositors feel that the bank does not have sulficient assets to cover their deposits. Borrowers feel that they are being charged too high of an interest rate on their loans