Suppose That M = 300, P = 150, and Y

question 63

Multiple Choice

Suppose that M = 300, P = 150, and Y = 6. Then the velocity of circulation equals

• A) 0.02.
• B) 0.50.
• C) 2.00.
• D) 3.00.

---

Definitions:

Human Rights

Fundamental rights and freedoms that every person is entitled to regardless of nationality, sex, national or ethnic origin, race, religion, language, or any other status.

Quasi-contract Liability

Refers to the legal responsibility imposed by the court to prevent unjust enrichment when no actual contract exists between parties.

Implied Contract

A contract formed by the actions, behaviors, or circumstances of the parties involved, rather than by written or spoken agreement.

Promissory Estoppel

A legal principle preventing a party from retracting a promise made, when the other party has reasonably relied on that promise to their detriment.