Which of the following is represented by the speed of
currency circulation?
(a) Ratio of the National Income to the supply of currency
(b) Ratio of the National Income to the demand of currency
(c) Ratio of the supply of currency to the demand of currency
(d) In a fixed period periodic average of the currency from
National Income
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Answer / samuel krupakar
( a ) Ratio of the National Income to the supply of currency
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On a certain sum of money, the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is (a) 6.07% (b) 10% (c) 9% (d) 12.15%
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