In the fourth quarter of 2014, the value of the velocity of money in the United States was approximately
A) 0.3.
B) 5.3.
C) 9.8.
D) 13.0.

Question

Quizplus · Accepted Answer

The velocity of money is a measure of the rate at which money is exchanged in an economy. In the fourth quarter of 2014, the velocity of M2 money stock in the United States was approximately 5.3, according to data from the Federal Reserve.

In the Fourth Quarter of 2014, the Value of the Velocity