The average number of times per year that a dollar bill is used to pay for ﬁnal goods and services is the
A) monetary rule.
B) velocity of money.
C) asset demand for money.
D) transactions demand for money.

Question

Quizplus · Accepted Answer

The average number of times per year that a dollar bill is used to pay for final goods and services is known as the velocity of money. It is an important concept in macroeconomics as it helps to determine the level of economic activity in a country.

The Average Number of Times Per Year That a Dollar