What does the velocity of money circulation refer to?

Show Answers

How often a single unit of currency is exchanged each dayThe frequency a unit of money is transferred every monthThe number of times a unit of currency is used in transactions over a yearThe rate at which the value of money fluctuates

Explanation

Velocity of money circulation indicates how many times a single unit of money is spent or exchanged within a specific period. Option C correctly defines it as the annual frequency of money changing hands.