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QUESTION
In 2004, the United Kingdom economy was at full employment.
In 2004, the United Kingdom economy was at full employment.
Nominal GDP was 1,235 billion, the nominal interest rate was 8% a year, the price level was 130, the velocity of the circulation was a constant 9.
The quantity of money in the United Kingdom in 2004 is __________.
A. 81 billion
B. 137 billion
C. 106 billion
D. 11,115 billion
E. 8,550 billion
