The velocity of money is represented as - JAMB Economics 2010 Question
The velocity of money is represented as
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
\(\frac{\text{Real GDP}}{\text{Nominal GDP}}\)
correct option: c
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