The velocity of money is represented as
...The velocity of money is represented as
\(\frac{\text{Money supply}}{\text{Real GDP}}\)
\(\frac{\text{Real GDP}}{\text{Money supply}}\)
\(\frac{\text{Nominal GDP}}{\text{Money supply}}\)
\(\frac{\text{Real GDP}}{\text{Nominal GDP}}\)
Correct answer is A
The velocity of money is a measurement of the rate at which money is exchanged in an economy. The velocity of money is simply calculated by dividing the money supply by the economy's GDP.
money supply
GDP
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