Using the following information what is the velocity of money?

Using the following information what is the velocity of money? The velocity of money is equal to: (enter your answer rounded to two decimal places) Making use of the after information what’s the velocity of income? The velocity of income is equivalent to: (enter your solution rounded to two decimal locations)

Ans)
In line with the amount equation of income :
MV=PY
Provided:
M=1300
P=1.77
Y=7000
Consequently,
V=(PY)/M
V=(1.77*7000)/1300
V=9.5307

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