The Velocity of Money Is Defined as
A)the Time It $\times$

Multiple Choice

The velocity of money is defined as

A) the time it takes the average worker to get to the bank with his/her paycheck
B) the time it takes banks to clear checks
C) the average number of times per year each dollar is used to purchase final goods and services
D) M $\times$ P ÷ Y
E) the average number of times per year each dollar is spent for goods,payrolls,Social Security payments,etc.