The Velocity of Money Measures

question 19

Multiple Choice

The velocity of money measures:

• A) the quantity of money in an economy
• B) the rate of circulation of the money supply
• C) the level of inflation caused by the money supply
• D) none of the above

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Definitions:

Specifying

The process of identifying and detailing exact requirements or features.

Planning

The process of setting objectives, determining strategies to achieve those objectives, and developing plans to integrate and coordinate activities.

Race

A social construct used to categorize humans into large and distinct populations or groups by ancestral heritage and physical characteristics.