The Velocity of Money Is Defined as

question 239

Multiple Choice

The velocity of money is defined as

• A)the average number of times each dollar is used to purchase goods and services.
• B) .
• C)the total number of times each dollar is used to purchase goods and services.
• D)P × Y.

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Definitions:

Acquired Needs Theory

A motivational theory that suggests human needs for achievement, affiliation, and power are developed over time based on life experiences.

Need For Power

An individual's desire for influence or control over others, motivating them to seek positions of authority.

Need For Affiliation

The desire to establish and maintain good relations with people.

Need For Affiliation

A social need that drives individuals to seek and form relationships with others, motivated by a desire for companionship and acceptance.