The Velocity of Money Is

question 152

Multiple Choice

The velocity of money is

• A)the rate at which the Fed puts money into the economy.
• B)the same thing as the long-term growth rate of the money supply.
• C)the money supply divided by nominal GDP.
• D)the average number of times per year a dollar is spent.

Evaluate the pros and cons of different sales approaches in practical sales situations.

Understand the role of product knowledge in effective sales approaches.

Learn the importance of referrals in sales approaches.

Analyze the effectiveness of using complimentary and premium items as sales approaches.