If M = 4,000, P = 1.5, and Y= 6,000, what is velocity?
A) 2.25
B) 3.00
C) 6.50
D) None of the above is correct.
Correct Answer:
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A)(PY)/M.
B)(PM)/Y.
C)(YM)/P.
D)(YM)/V.
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A)Y/(M x P)and increases if dollars
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