The velocity of money is represented as

Economics

JAMB 2010

A. \(\frac{\text{Money supply}}{\text{Real GDP}}\)
B. \(\frac{\text{Real GDP}}{\text{Money supply}}\)
C. \(\frac{\text{Nominal GDP}}{\text{Money supply}}\)
D. \(\frac{\text{Real GDP}}{\text{Nominal GDP}}\)

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Correct Answer: Option A

Explanation

The velocity of money is a measurement of the rate at which money is exchanged in an economy. Velocity of money is simply calculated by dividing the money supply with the economy's GDP.

money supply
GDP

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The velocity of money is represented as

Correct Answer: Option A

Explanation

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