The Velocity of Money Is 4

question 73

Multiple Choice

The velocity of money is 4. If nominal GDP is $1,200 billion then the stock of money

• A) is $300 billion.
• B) is $400 billion.
• C) is $500 billion.
• D) is $4,800 billion.

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Definitions:

Electric Shock

A sudden discharge of electricity through a part of the body, which can cause injury or trauma depending on its intensity.

Cigarette Case

A small box or container used to carry cigarettes, often made of metal or leather, and sometimes used as a personal accessory.

Systematic Desensitization

A behavioral therapy technique used to gradually reduce phobia or anxiety through the use of relaxation exercises and controlled exposure to the feared object or situation.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.