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Question : The number of times a unit of money changes hands during the unit period is called the ________.

Option 1: velocity of circulation of money

Option 2: base money

Option 3: remittances

Option 4: zero economic profit


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: velocity of circulation of money


Solution : The correct option is the velocity of circulation of money.

The number of times a unit of money changes hands during the unit period is called the velocity of circulation of money. If the velocity of money is increasing, then transactions occur between individuals more frequently.

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