The transactions demand for money will shift to the Multiple Choice A) right when the interest rate increases. B) left when nominal GDP increases. C) left when nominal GDP decreases. D) right when the interest rate decreases.

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05-12-2022
Business

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The transactions demand for money will shift to the Multiple Choice A) right when the interest rate increases. B) left when nominal GDP increases. C) left when nominal GDP decreases. D) right when the interest rate decreases.

Sagot :

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NomulaHarsh NomulaHarsh · Answer 1 · 2022-12-11T11:31:49-05:00

The transactions demand money will shift to the left when nominal GDP decreases.

What do transactions mean?

A transaction is defined as an agreement that has been formalized between a seller and a buyer to transfer goods, services, or financial assets in exchange for cash. Here are some examples of transactions: paying a supplier for products or services received. purchasing a property that was previously owned by a seller by paying the seller with cash and a note. paying a worker for the hours they put in. In a firm, there are primarily four different sorts of financial transactions. Sales, purchases, receipts, and payments are the four categories of financial transactions that have an effect on the firm.

Hence the option is C.

To learn more about transactions from the given link:

https://brainly.com/question/1016861

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The transactions demand for money will shift to the Multiple Choice A) right when the interest rate increases. B) left when nominal GDP increases. C) left when nominal GDP decreases. D) right when the interest rate decreases.

Sagot :

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