The Velocity of Money Is Defined As

question 3

Multiple Choice

The velocity of money is defined as:

• A)the time it takes the average worker to get to the bank with his/her paycheck.
• B)the time it takes banks to clear checks.
• C)the average number of times per year each dollar is used to purchase final goods and services.
• D)the ratio of money supply to the average price level in an economy.
• E)the average number of times per year each dollar is spent for goods,payrolls,Social Security payments,etc.

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Definitions:

Net Exports

The value of a country's total exports minus the value of its total imports, measuring the net income from foreign investments.

GDP

Gross Domestic Product, a measure of the economic performance of a nation, representing the total value of all goods and services produced over a specific time period.

Imports

are goods and services brought into one country from another for the purpose of trade or sale, contributing to a country's supply of products not locally produced.

Exports

Goods, services, or commodities sent from one country to another country for sale or trade.