If a Certain Household Earns and Spends $24,000 Per Year $1 / 6 .$

question 69

Multiple Choice

If a certain household earns and spends $24,000 per year and, on the average, holds a money balance of $6,000, then the velocity of money for this household is

• A) 6.
• B) \(1 / 6 .\)
• C) 4.
• D) \(1 / 4\)

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Definitions:

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