A cause-and-effect study is a major type of descriptive study

The velocity of money measures the rate of circulation of the money supply and can be expressed by the following equation (note: GDP = gross domestic product and MS = money supply):

a. VM = GDP/MS b. VM = MS/GDP c. VM = MS x GDP d. all of the above e. none of the above

A completed gift promise cannot be rescinded for lack of consideration

Indicate whether the statement is true or false