If You Earn and Spend $2,000 Per Month and Maintain

question 126

Multiple Choice

If you earn and spend $2,000 per month and maintain an average cash balance of $500 per month, your velocity of money is

• A) $1,250.
• B) 2.
• C) 4.
• D) $1,500.

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Definitions:

GDP

Short for Gross Domestic Product, it measures the total economic output of a country within a specific time frame.

IMF

The International Monetary Fund, a global organization that provides financial support and advice to countries facing economic difficulties.

Market Supremacy

The dominance of a particular company or product in a specific market, often characterized by a large market share.

Sweatshop Factories

Workplaces that have very poor, socially unacceptable working conditions, often with unfair wages, excessive hours, and unsafe environments.