The financial intermediaries that the average person interacts with most frequently are

Monetarists believe that

a. velocity is independent of the money supply b. the transactions demand for money influences the velocity of money c. the economy does not always operate at full employment d. velocity is constant if the money supply is constant e. velocity varies directly with the money supply

Which of the following would be a debit in the U.S. capital account?

A. A U.S. publisher purchases a copyright from a French author for $3,000. B. A Chinese importer buys $10,000 of cigarettes from a U.S. manufacturer. C. Egypt forgives $100,000 of debt owed by the U.S. government. D. A U.S. corporation sells $50,000 of stock to investors in Japan.