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
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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