Suppose the money supply in Country X is $44,000 and the nominal GDP is $88,000. Calculate the velocity of money. Round your answer to the nearest hundredth.

Velocity of money = 2 unit

Explanation:

Given:

Supply in country X = $44,000

Nominal GDP = $88,000

Find:

Velocity of money

Computation:

Velocity of money = Nominal GDP / Money supply in country

Velocity of money = $88,000 / $44,000

Velocity of money = 2 unit

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.