When salaries are paid more frequently, the velocity of money speeds up because individuals hold more cash

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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What does elasticity of demand measure?

(A) The amount of time consumers need to change their demand for a good. (B) A decrease in the quantity demanded. (C) An increase in the quantity available. (D) How buyers will cut back or increase their demand when price rises or falls.

Economics

Evidence suggests that, in the real world, people appear to care about fairness

a. only when it coincides with their own self-interest. b. only when it coincides with their determination to be consistent over time. c. even when it does not coincide with their own self-interest. d. not at all.

Economics