Transactions Velocity

question 36

Multiple Choice

Transactions velocity

• A)was rejected by Irving Fisher as the correct definition of velocity in the quantity theory of money demand.
• B)is much smaller than the value of velocity obtained from dividing GDP by the money stock.
• C)is much smaller than the value of velocity obtained from dividing the money stock by GDP.
• D)is much larger than the value of velocity obtained from dividing GDP by the money stock.

---

Definitions:

Full Time

Employment status where an individual works a minimum number of hours defined by their employer as full-time, typically around 40 hours per week.

Offshoring

The practice of relocating business processes or services to another country, often to reduce costs.

Shift-work Parents

Parents who work non-traditional hours outside the typical 9-to-5 work schedule, which may impact family routines and childcare arrangements.

Adolescents

Refers to young people in the stage of development between childhood and adulthood, typically between the ages of 13 and 19.