Velocity is determined by:
A)the Federal Reserve.
B)the size of the government budget deficit.
C)average labor productivity times the population growth rate.
D)payments methods and technology.

Question

Quizplus · Accepted Answer

Velocity is a measure of how quickly the money stock turns over. Changes in velocity occur when people desire to hold different amounts of money and these changes are often due to changes in the payments system.

Velocity Is Determined By