By definition,the velocity of money is the
A) number of times per year a unit of money changes hands.
B) difference between this year's inflation rate and last year's.
C) rate at which the money supply is growing.
D) number of individual commercial transactions occurring each year.
E) inverse of the time the average commercial transaction takes.

Question

Quizplus · Accepted Answer

Velocity of money is defined as the number of times a unit of money changes hands within the economy in a given time period, usually a year.

By Definition,the Velocity of Money Is the