In the quantity theory of money, V represents
A) the velocity of money: the amount of money households and businesses wish to hold.
B) the velocity of money: amount of money households and businesses actually hold.
C) the velocity of money: amount of wealth households and businesses wish to hold.
D) the velocity of money: how often a given unit of money is spent and changes hands over the course of a year.
Correct Answer:
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A)
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