2014CFA1级-每日一练-经济学-20140316 average, services, equation, following, definition

Palantir

Which of the following is the most accurate definition of the velocity of money? The velocity of money is the:


A)GDP of a country divided by its money supply.
B)GDP of a country divided by its price level.
C)money supply of a country divided by its price level.



答案 A
Velocity is the average number of times per year each dollar is used to buy goods and services (velocity = nominal GDP / money). Therefore, the money supply multiplied by velocity must equal nominal GDP. The equation of exchange must hold with velocity defined in this way. Letting money supply = M, velocity = V, price = P, and real output = Y, the equation of exchange may be symbolically expressed as: MV = PY.

mar350

看看答案。。。

canadiananalyst

A)GDP of a country divided by its money supply.

Zestt

很考的形式