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ECON 200 UOFA EXAM 3 | ACTUAL PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS | LATEST UPDATED 2026/2027 | GRADED A+ | GUARANTEED SUCCESS.
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- ECON 200 UOFA EXAM 3 | ACTUAL PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS | LATEST UPDATED 2026/2027 | GRADED A+ | GUARANTEED SUCCESS. 
If nominal GDP is 1,000b and money stock given by M1 is 250b, the velocity of 
money in this economy is 
A) 4. 
B) 0.4. 
C) 0.25. 
D) 250,000. --CORRECT ANSWER--A 
Why is the velocity of money higher when money stock is measured by M1 
rather than M2? 
A) M1 includes only savings accounts whereas M2 also includes checking 
accounts. 
B) M1 is more liquid a...
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