If the Velocity of Money Is 4 and Nominal GDP

question 50

Multiple Choice

If the velocity of money is 4 and nominal GDP is $24 trillion, then the money supply is

• A) $28 trillion.
• B) $20 trillion.
• C) $6 trillion.
• D) $0.167 trillion.

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Definitions:

RUPA

The Revised Uniform Partnership Act, which regulates the operation of partnerships within the United States.

Partnership Law

Legal regulations that govern the formation, operation, and dissolution of partnerships.

Partnership Obligations

The duties, responsibilities, and liabilities assumed by partners in a business partnership, as dictated by law or agreement.

Vicarious Liability

Legal responsibility placed on one person for the acts of another.