The Velocity of Money Is

question 79

Multiple Choice

The velocity of money is:

• A) how quickly money can be printed.
• B) how quickly individuals spend their incomes.
• C) the average number of times a dollar is used in a transaction per year.
• D) how many times individuals are paid per year.
• E) None of these answers is correct.

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Definitions:

Privileges and Immunities Clause

A provision in the U.S. Constitution ensuring that citizens of each state are entitled to the privileges and immunities of citizens in the several states.

Commercial Activities

are activities undertaken by businesses or individuals for the purpose of generating profit or revenue.

Full Faith and Credit Clause

A clause in the United States Constitution that requires each state to recognize and respect the judicial proceedings, public records, and legislative acts of every other state.

Judicial Decision

A ruling or determination made by a judge or court regarding a legal matter or case.