Which of the following financial assets is considered to be essentially risk-free?

The velocity of money is assumed to be constant in the Classical model because

A) the payment habits of the community. B) fixed level of real GDP. C) the demand for money varies with the level of real output. D) aggregate demand is constant.

Many banks in the U.S. failed in the 1930s, not because they were poorly managed, but because they could not survive the panicky withdrawal of funds by their depositors

a. True b. False Indicate whether the statement is true or false