Suppose That P × Y Is $5,000 Million a Year

question 96

Multiple Choice

Suppose that P × Y is $5,000 million a year and the quantity of money is $500 million. then the velocity of circulation is

• A)50.
• B)2,500,000.
• C)10.
• D)20.
• E)500.

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Definitions:

Incentive Plan

A program designed by organizations to motivate and reward employees for reaching specific performance targets.

Administering Plans

The process of implementing and managing organizational plans, strategies, or policies effectively.

Monitoring Performance

The process of continually reviewing and assessing the work performance of employees.

Incentive-Pay Plans

Compensation strategies designed to motivate employees by tying a portion of their pay directly to their performance or achievements.