If an Economy Has a Velocity of Circulation of 3

question 146

Multiple Choice

If an economy has a velocity of circulation of 3, then

• A) nominal GDP is 1/3 the size of the quantity of money.
• B) the quantity of money is $3 for every dollar of GDP.
• C) the quantity of money is 3 times real GDP.
• D) in a year the average dollar is exchanged 3 times to purchase goods and services in GDP.

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Definitions:

Secure Sockets Layer (SSL)

A standard security technology for establishing an encrypted link between a server and a client—typically a web server (website) and a browser; or a mail server and a mail client (e.g., Outlook).

Decrypt Information

The process of converting encrypted or encoded data back into its original, readable format.

Encrypted Payment Services

Services designed to secure digital transactions using sophisticated encryption technologies to protect sensitive information.

Internet Domain Name

A unique name that identifies an internet resource such as a website, characterized by an easily recognizable address used to access online information.