If the Amount of Money in Circulation Is $180 Billion

question 144

Multiple Choice

If the amount of money in circulation is $180 billion and the value of the economy's total output is $540 billion, then the

• A) circulation period of money must be one-fourth of a year.
• B) velocity of money is 4.
• C) average price per final good sold is $3.
• D) velocity of money is 3.

Gain knowledge of the origins and early actions of antislavery societies in North America.

Recognize the global impact of the American Revolution on other revolutions and the formation of new nations.

Analyze the changes in the free black population in Virginia before and after the American Revolution.

Quantify the scale and impact of slave escapes during the late 1770s in Virginia.

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Definitions:

Resources

Assets, materials, or other necessities that are available for use or could be used to achieve goals.

Crowdfunding

The practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.

Capital

The wealth, whether in money or assets, owned or employed in business by an individual, firm, corporation, etc.

Venture

An endeavor or project that involves risk but is pursued with the expectation of future gains.