If annual GDP is $100 billion and the MS is $20 billion, the velocity of money (VM) is ________.
A) 2
B) 5
C) 20
D) 50
E) none of the above
Correct Answer:
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Q119: Functions of money include all of the
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Q121: _ is a short-term unsecured promissory note
Q122: _ is a short-term debt instrument issued
Q123: A _ is a short-term debt instrument
Q125: _ is a promise of future payment
Q126: _ is a short-term debt security sold
Q127: A major factor in the severity of
Q128: _ accounts are increasingly used to make
Q129: _ is money, debt instruments, equity securities,
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