The Velocity of Money Is

question 90

Multiple Choice

The velocity of money is:

• A)the purchasing power of money.
• B)the value of a dollar in relation to foreign currency.
• C)the average number of times each dollar is spent on final goods and services in a given year.
• D)the average length of time it takes for a dollar of income to be spent.
• E)the total amount of money that is in circulation for consumption spending.

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Definitions:

Proportion

An installment, section, or count contemplated in proportion to its total mass.

Market Share

The portion of a market controlled by a particular company or product.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, not necessarily coinciding with the calendar year.

Sales

The activity or business of selling products or services.