Under Which of the Following Circumstances Will Velocity of Money

question 77

Multiple Choice

Under which of the following circumstances will velocity of money be higher?  

• A) when workers are paid less frequently 
• B) when fewer transactions are made 
• C) when money is less effective as a store of value 
• D) when fewer people use credit cards to make purchases

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Definitions:

Grade-Point Average

A numerical representation of a student's academic performance, averaged across all completed courses.

Economic Profit

is the surplus or gain realized when the total revenues generated by a business exceed the explicit and implicit costs of operation.

Average Total Cost

The sum of all production expenses divided by the amount of products made.

Units

Basic measures or quantities, such as length, mass, time, etc., that serve as standards for expressing and comparing quantities.