The Velocity of Money Is

question 90

Multiple Choice

The velocity of money is:

• A)the purchasing power of money.
• B)the value of a dollar in relation to foreign currency.
• C)the average number of times each dollar is spent on final goods and services in a given year.
• D)the average length of time it takes for a dollar of income to be spent.
• E)the total amount of money that is in circulation for consumption spending.

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Definitions:

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A measure of how much the quantity demanded of a good responds to a change in the price of that good, quantitatively defined as the percentage change in quantity demanded divided by the percentage change in price.

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OptQuest

An optimization software that uses various algorithms to find the best possible solutions to complex problems.