=+As would be expected, the velocity of money is different across countries depending upon the sophistication of

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=+As would be expected, the velocity of money is different across countries depending upon the sophistication of their financial systems—velocity of money tends to be higher in countries with developed financial systems. The following table provides money supply and GDP

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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