Under normal circumstances, the velocity of circulation of money in a country is

Related MCQs

• Who stated, “Bad money drives good money out of circulation, when both of them are full legal tender”?
• According to the Quantity Theory of Money, the value of money depends upon
• Who stated, “Money is what money does”?
• Paper money is called fiat money because
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• Value of money and supply of money are related
• Inflation in under-developed country is basically caused by
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• The value of money in Fisher’s equation is determined by
• According to Cambridge equation, the value of money depends upon