Processing math: 100%

Home / Aptitude Tests / Economics / The velocity of mone...

The velocity of money is represented as
...

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.

$\frac{\text{Real GDP}}{\text{Nominal GDP}}$

View answer & explanation

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

See all Economics questions & answers

See more JAMB questions & answers

Similar Questions

One of the objectives of AfDB is to ...

For two commodities A and B, MA and MB are the respective marginal utilities while PA and PB are the...

The tendency for workers to value their leisure hours more than hours of work as wage rate increases...

Choice in economic life is necessitated by ...

If demand is relatively inelastic and sellers are able to raise the price of their commodity, then t...

One of the advantages of a partnership over a sole proprietorship is that ...

A tent-making factory offers ...

The foreign exchange market is a market where ...

Limited liability means that ...

A business organization set up for the mutual benefits of member with similar interest is known as ...

Aptitude Tests

Puzzles Questions and Answers

Quantitative Reasoning Questions and Answers

Verbal Reasoning Questions and Answers

Spatial Reasoning Questions and Answers

Abstract Reasoning Questions and Answers

Situational Judgement Questions and Answers

Data Interpretation Questions and Answers

Personality Test

Nigeria General Knowledge Questions and Answers

Typing Speed and Accuracy Test

Microsoft Office Questions and Answers

Numerical Reasoning Questions and Answers

Logical Reasoning Questions and Answers

View latest jobs in Nigeria today