If the Average Household Earns and Spends $40,000 Per Year

question 137

Multiple Choice

If the average household earns and spends $40,000 per year and holds a money balance of $10,000,then what is the velocity of money for the average householder?

• A)10.
• B)1/10.
• C)1/4.
• D)4.
• E)It cannot be determined from the information.

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