Suppose nominal GDP is 2,000 a year and the quantity of money is ...

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Suppose nominal GDP is 2,000 a year and the quantity of money is 400. Then the velocity of circulation equals
 
  A) 10. B) 1/5. C) 2. D) 8. E) 5.

Question 2

If the exchange rate changes from 1.00 euro per dollar to 1.10 euros per dollar, the euro has
 
  A) depreciated against the euro.
  B) appreciated against the euro.
  C) fallen inversely in value.
  D) appreciated against the dollar.
  E) depreciated against the dollar.

[KKcool]

Answer to Question 1

E

Answer to Question 2

E

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Excellent

[EAN94]

YES! Correct, THANKS for helping me on my review