Home Q&A Using the following information what is the velocity of money?

Using the following information what is the velocity of money?

Q&A By · January 2, 2022 · 0 Comment

Using the following information what is the veloci

Answer

Ans)

According to the quantity equation of money :

MV=PY

Given:

M=1300
P=1.77
Y=7000

Therefore,

V=(PY)/M
V=(1.77*7000)/1300
V=9.5307

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