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Question : In any economy, the income velocity of the hoarded money (idle) by the public is equal to ___________.

Option 1: one

Option 2: greater than one

Option 3: zero

Option 4: greater than zero


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 27th Jan, 2024

Correct Answer: zero


Solution : The correct option is zero.

Hoarded money, also known as idle money or cash hoarding, is money that individuals or entities hold but do not actively use for transactions or investments. This money is often kept in physical cash, bank deposits, or other liquid assets. For this reason, its velocity is zero.

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