If the Quantity of Output of Society Is 250 Million

question 111

Multiple Choice

If the quantity of output of society is 250 million units,actual money balances held by the nonbanking public equals $100 million,and the average price is $20 per unit of national output,then velocity is

• A)5)
• B)10.
• C)25.
• D)50.

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Definitions:

Create (+) Screen

A feature in software applications that allows a user to initiate the creation of a new item or record.

Transaction Type

Categorizes the nature of the financial activity within an accounting system, such as sales, purchases, payments, and receipts.

Budgeting

The process of creating a plan to spend your money, outlining anticipated income and expenses over a particular period.

Legal Entity Type

Categories under which business or organization structures are legally recognized, such as LLC, corporation, partnership.