The Velocity of Money Measures the Rate of Circulation of Checks

question 163

True/False

The velocity of money measures the rate of circulation of checks in the modern economy.

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A proposed explanation for a phenomenon, set forth as a basis for further investigation.

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Systematically organized knowledge applicable in a relatively wide variety of circumstances, especially a system of assumptions, accepted principles, and rules of procedure devised to analyze, predict, or explain the nature or behavior of a specified set of phenomena.