Question: 4. (LO 3) Table 9.3 shows actual data for the Canadian economy for the period 19931997 (all money figures in billions of dollars). For each

4. (LO 3) Table 9.3 shows actual data for the Canadian economy for the period 1993–1997 (all money figures in billions of dollars). For each year, calculate the velocity of money. (Hint: You may need to rearrange the equation of exchange and divide by 100.)

What is the value of the velocity of money in each of the five years?

1993 1994 1995 1996 1997

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