Multiple Choice
If annual GDP is $100 billion and the MS is $20 billion, the velocity of money (VM) is ________.
A) 2
B) 5
C) 20
D) 50
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: Which of the following statements about L
Q41: _ is a short-term debt security sold
Q42: Which are included in the money supply?<br>A)outstanding
Q46: Today's Federal Reserve notes are:<br>A)backed by gold<br>B)backed
Q47: The velocity of money measures:<br>A) the quantity of
Q48: A major international development occurred on January
Q49: M3 money supply includes M2 plus large
Q62: Fiat money generally becomes worthless if the
Q108: Full-bodied money is a monetary standard based
Q132: The role of financial institutions in a