If the Amount of Money in Circulation Is $200 Million

question 191

Multiple Choice

If the amount of money in circulation is $200 million and nominal GDP is $400 million,the velocity of money is

• A)0.5.
• B)2.
• C)200.
• D)400.

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Definitions:

Resistant Behaviors

Actions or attitudes displayed by individuals or groups that hinder or oppose change, guidance, or direction.

Nonjudgmental

An attitude or approach that avoids making judgments, particularly those based on personal biases or without full understanding.

Dramatizing

The act of expressing or emphasizing something in a dramatic or exaggerated manner, often to elicit a specific response or attention.

Broker

An individual or entity that acts as an intermediary, facilitating transactions between two or more parties.