The Equation of Exchange States That the Quantity of Money

question 50

Multiple Choice

The equation of exchange states that the quantity of money multiplied by the number of times this money is spent in a given year must equal

• A)nominal income.
• B)real income.
• C)real gross national product.
• D)velocity.

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Definitions:

Offshoring

The practice of relocating business processes or services to another country, often to reduce costs or access skilled labor not available domestically.

Reengineering

A complete review of the organization's critical work processes to make them more efficient and able to deliver higher quality.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Outplacement Services

Professional services that help terminated employees transition to new jobs by providing support such as resume writing and interview preparation.