Answer to Question #115272 in Macroeconomics for Vinayak Bhardwaj

Question #115272

What will be transaction velocity of money when value of transaction is 15000 and money stack is 750?

Expert's answer

VM=PQ/M

Where VM is the velocity of money

PQ denotes the GDP

M is the money of supply

Therefore,VM= 15000/750

VM= 20

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