Velocity Can Be Defined As

question 63

Multiple Choice

Velocity can be defined as:

• A)​the turnover rate of money
• B)​the speed at which economic activity takes place.
• C)​the speed at which multiplier effect takes place.
• D)​the speed at which tax cuts are spent.

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Definitions:

Money Order

A certificate of guaranteed payment, which may be purchased from a bank, a post office, or some convenience stores.

Daily Log

A record kept every day, detailing activities, observations, or the progress of a project or health condition.

Ledger Card

A card or digital record used in accounting to record transactions affecting a particular account.

Electronic Banking

The use of computer and network technology to conduct banking transactions and services.