the velocity of money explains?

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the velocity of money explains?

2007-07-13 19:42:05 · 1 answers · asked by Rebecca K 1 in Business & Finance ➔ Other - Business & Finance

1 answers

??? Is this a homework question???

How many times a year a dollar is spent. For example, suppose that there is $1 trillion in circulation in the USA. The Gross Domestic Product is $20 trillion. Therefore, the average dollar is spent 20 times a year, or about every 18 days.

2007-07-16 05:49:35 · answer #1 · answered by SPLATT 7 · 0⤊ 0⤋