The Velocity of Money Represents

question 73

Multiple Choice

The velocity of money represents

• A)the total number of times a dollar is spent on a purchase of final goods and services.
• B)the average number of times a dollar is spent on a purchase of final goods and services.
• C)the speed with which one country's currency may be converted into another country's currency.
• D)how quickly paper currency wears out and must be replaced.

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Definitions:

Effectiveness

The degree to which something is successful in producing a desired result; efficiency.

Client System

In social work, this term refers to the individual, family, group, or community that is seeking help or services.

Termination Phase

In counseling and therapy, it refers to the final stage of the client-professional relationship where therapy goals have been met and the relationship is ended.

Planned Change Process

A systematic approach designed to transition individuals, teams, and organizations from a current state to a desired future state.