If You Earn and Spend $300 Per Week and Maintain

question 129

Multiple Choice

If you earn and spend $300 per week and maintain an average cash balance of $100 per week, your velocity of money is

• A) $100.
• B) $200.
• C) 3.
• D) 2.

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Definitions:

Orderly Transfer

A well-organized and systematic process of passing authority, responsibility, or information from one entity to another.

Goods And Services

Products and activities provided in the marketplace that satisfy consumer needs and wants.

Seller To Buyer

The transfer of products, services, or assets from the seller to the buyer in a market transaction.

Ownership Utility

Orderly transfer of goods and services from the seller to the buyer; also called possession utility.