The ________ is the number of times a dollar bill exchanges hands in a year.
A) velocity of money
B) exchange rate
C) money supply ratio
D) government spending multiplier

Question

Quizplus · Accepted Answer

The concept described in the question is known as the velocity of money. It refers to the frequency with which a unit of currency is used to purchase goods and services within a specific period. The velocity of money is calculated by dividing nominal gross domestic product (GDP) by the money supply.

The ________ Is the Number of Times a Dollar Bill