Suppose Nominal GDP Is $2,000 a Year and the Quantity

question 41

Multiple Choice

Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals

• A)10.
• B)5.
• C)8.
• D)1/5.
• E)2.

Recognize the role of government and central bank policies in influencing exchange rates.

Understand how economic indicators and performances affect exchange rates.

Interpret the balance of trade and its impact on the financial account and national economy.

Understand the components and importance of a nation's central bank official reserves.

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Definitions:

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