Transactions Velocity

question 36

Multiple Choice

Transactions velocity

• A)was rejected by Irving Fisher as the correct definition of velocity in the quantity theory of money demand.
• B)is much smaller than the value of velocity obtained from dividing GDP by the money stock.
• C)is much smaller than the value of velocity obtained from dividing the money stock by GDP.
• D)is much larger than the value of velocity obtained from dividing GDP by the money stock.

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