Money circulation speed

Calculate the speed of money circulation, if you know: the amount of money in circulation: 95 million. €, nominal GDP is 1460 million. €.

Final Answer:

r =  15.3684

Step-by-step explanation:

HDP=1460 M2=95  r=HDP/M2=1460/95=15.3684



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You need to know the following knowledge to solve this word math problem:

arithmeticbasic operations and conceptsUnits of physical quantitiesGrade of the word problem

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