Under normal circumstances, the velocity of circulation of money in a country is:
A)100%
B)Negative
C)Less than 10
D)Zero

Question

Quizplus · Accepted Answer

The velocity of circulation of money, which measures how often a unit of currency is used in a given period, is typically greater than 1 but not fixed at any specific value like 100%, negative, or zero. Saying it is "less than 10" is a broad statement that can be accurate, as the actual velocity depends on various economic factors and can vary significantly between economies and over time.

Under Normal Circumstances, the Velocity of Circulation of Money in a Country