Food stamps are an example of an in-kind transfer payment

According to the quantity equation, if M increases by 3 per cent and V increases by 2 per cent, then:

A. real income increases by approximately 5 per cent. B. the price level increases by approximately 5 per cent. C. the nominal interest rate increases by approximately 5 per cent. D. nominal income increases by approximately 5 per cent.

The discount rate refers to the interest rate on

A) primary credit. B) secondary credit. C) seasonal credit. D) federal funds.