The number of times a unit of money changes hands in the course of a year is called
Question and options
The number of times a unit of money changes hands in the course of a year is called
- Supply of money
- Purchasing power of money
- Exchange rate of money
- Velocity of money
Answer and explanation
Correct answer: D - Velocity of money
The velocity of money (circulation) is the number of times a unit of money changes hands, i.e. is spent, in a given period such as a year.
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