The Velocity of Money Is Defined as
A)the Time It $\times$

question 80

Multiple Choice

The velocity of money is defined as

• A)the time it takes the average worker to get to the bank with his/her paycheck
• B)the time it takes banks to clear checks
• C)the average number of times per year each dollar is used to purchase final goods and services
• D)M \(\times\) P ÷ Y
• E)the average number of times per year each dollar is spent for goods,payrolls,Social Security payments,etc.

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Definitions:

Neuron

A specialized cell transmitting nerve impulses; a nerve cell. It is the fundamental unit of the nervous system, composed of a cell body, axon, and dendrites.

Cell Body

Portion of a neuron that contains a nucleus and from which dendrites and an axon extend.

Dendrite

Part of a neuron that sends signals toward the cell body.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.