Using the Quantity Equation, If, M_t = $1,000, P_t =

question 54

Multiple Choice

Using the quantity equation, if, M_t = $1,000, P_t = 1.1, and Y_t = 100,000, then the velocity of money is:

• A) 100,000
• B) 0.09
• C) 110
• D) 9.09
• E) 0.11

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