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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Calculate the velocity of money for each of the countries. Round your answers to the nearest tenth.
CountryM1 (billions in national currency)Nominal GDP (billions in national currency)Velocity of money
Egypt 4311, 753
South Korea 515,643 1,428,294
Thailand 1,608 11,898
United States 2,832 16,800
Kenya 967 3,797
India 19,118 113,550
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