Basic determinant of transactions demand and asset demand
Describe the basic determinant of (a) the transactions demand and (b) the asset demand for money?
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(a) The level of nominal GDP. The superior this level, the greater the amount of money demanded for transactions. (b) The interest rate. The greater the interest rate, the lesser the amount of money demanded as an asset.
State three major sections of the statement of cash flows? Cash flows from investing activities Cash flows from Operations Cash flows from financing activities Net change in cash balance Cash balance at beginning of period
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