The velocity of money is the __________ number of times a dollar is spent to buy final goods and services in a year.

Name: The velocity of money is the __________ number of times a dollar is spent to buy final goods and services in a year.
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Question

Quizplus · Accepted Answer

The velocity of money is calculated as the average number of times a dollar is spent on final goods and services within a given time period, typically a year. Therefore, the correct answer is B) average.

The Velocity of Money Is the __________ Number of Times