Multiple Choice
What is meant by the velocity of money?
A) The number of times per year that each unit of currency is used before it is recalled by The Canadian Mint.
B) The number of times per year that the average unit of currency is spent buying final goods and services.
C) The money supply divided by the level of GDP.
D) The rate at which M1 changes into M2 or M3.
Correct Answer:
Verified
Correct Answer:
Verified
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