The transactions velocity of money indicates the _____ in a given period, while the income velocity of money indicates the _____ in a given period.
A) number of transactions; amount of income earned
B) quantity of money used for transactions; quantity of money paid as income
C) number of times a dollar bill changes hands; number of times a dollar bill enters someone's income
D) volume of transactions; flow of income
Correct Answer:
Verified
Q10: If the transactions velocity of money remains
Q11: The definition of the transactions velocity of
Q12: The income velocity of money increases and
Q13: The rate of inflation is the:
A) median
Q14: Real money balances equal the:
A) sum of
Q16: If the average price of goods and
Q17: According to the quantity theory of money,
Q18: The income velocity of money:
A) is defined
Q19: If velocity is constant and, in addition,
Q20: The quantity equation for money, by itself:
A)
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