Economics · Macroeconomics

The velocity of circulation of money is best defined as:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1the ratio of money balance to the value of transactions
2the number of times the same transactions can be repeated by a given volume of money supply
3the number of times a unit of money changes hands during a given time period✓
4k times the value of transactions

Correct answer

the number of times a unit of money changes hands during a given time period

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