Economics of Money, Banking and Financial Markets, The, Business School Edition (5th Edition) (What's New in Economics)
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Chapter 22, Problem 18Q
To determine

In case the question requires us to why velocity of money is unpredictable.

Concept Introduction:

Velocity of money: Velocity of money is the average number of time the unit of money is used to purchase goods and services in the economy in a given period of time. Rate at which money changes hands per year to buy things is known as velocity of money. The velocity of money is the rate at which people use cash. It is the turnover in the money supply. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy.

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