Q26
Number of times a unit of money changes hands in the course of a year is called
A.
Supply of money
B.
Purchasing power of money
C.
Velocity of money
AnswerD.
Value of money
Answer: Option C
Solution
Answer: Option C
Solution:
Number of times a unit of money changes hands in the course of a year is called Velocity of money. The velocity of money is the number of times a unit of money changes hands during exchanges in a year.