In the Equation of Exchange,the Average Number of Times a Dollar

question 91

Multiple Choice

In the equation of exchange,the average number of times a dollar is used to purchase a final good or service is the __________ of money.

• A) turnover
• B) elasticity
• C) velocity
• D) transfer

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Definitions:

FUTA Taxes

Federal Unemployment Tax Act taxes, which are payroll taxes paid by employers to fund unemployment benefits.

Payroll Taxes

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Social Security

A government program that provides financial assistance to retirees, disabled individuals, and survivors of deceased workers.

Payroll Tax Expense

Charges applied to employers or their employees, often determined by a portion of the payrolls that workers earn from their companies.