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The 'Velocity of Money' Is Defined As

Question 120

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

Correct Answer:

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