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The "velocity" of money is

The "velocity" of money is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The real money supply divided by the real GDP
  • B The money supply multiplied by the price level
  • C The money supply divided by the price level
  • D The ratio of real GDP to the real money supply
Correct Answer: Option D
Explanation:
Velocity of money is the total amount of money in circulation in an economy. It is calculated as Velocity of money = GDP/Money Supply

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