The annual volume of foreign exchange transactions:
A. is more than 18 times larger than world GDP.
B. is one-eighth the world GDP.
C. is three times the world trade volume.
D. is small relative to most financial markets.
Answer: A
Economics
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In the equation of exchange, if the money supply is $3 billion, the price level is 2, and the real GDP is $6 billion, the velocity is
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Economics