income velocity of money

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income velocity of money

ranjankumarnayak5
If the annual income velocity of money is 3, then the total real money stock in the economy is:
(A) Three times the real GDP
(B) One third of real GNP
 (C) One third of nominal GNP
 (D) None of the above
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Re: income velocity of money

Eco16
I think it is one third of nominal GDP. So none of the above.