If the Velocity of Money Is 3,nominal GDP Is $300

question 30

Multiple Choice

If the velocity of money is 3,nominal GDP is $300 billion and real GDP is $250 billion,then the supply of money is:

• A)$100 billion.
• B)$50 billion.
• C)$2500 billion.
• D)$2 billion.
• E)indeterminate.

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Definitions:

Financing Statement

A document filed to give public notice that a lender has a security interest in a debtor's asset, used in securing financing.

Perfected

In law, refers to a state where a security interest or lien secures payment or performance of an obligation to its fullest legal extent.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, usually repayment of a debt.

Collateral

An asset offered to secure a loan or other credit and subject to seizure upon default.