The income velocity of money is
A. the time it takes for monetary policy to have an effect on world financial markets.
B. the time lag from when the Fed decides to increase the money supply until the effect takes place.
C. the number of times per year a dollar is spent on final goods and services.
D. the time it takes to produce money.
Answer: C
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A) in Southeast Asia. B) in South America. C) in South Africa. D) in Southern Europe.
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