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Business, 29.02.2020 04:57 coollid876

If the dollars held for transactions purposes are, on the average, spent four times a year for final goods and services, then the quantity of money people will wish to hold for transactions purposes is equal to

A. Four percent of nominal GDP
B. 25 percent of nominal GDP
C. Nominal GDP multiplied times 4
D. Nominal GDP divided by 25

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