Holding everything else constant, the increased use of credit cards in recent years probably

Name: Holding everything else constant, the increased use of credit cards in recent years probably
Brand: Quizplus
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Question

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The increased use of credit cards likely increased M1 velocity because it means money is circulating more quickly within the economy. Credit cards allow for faster and more frequent transactions without the need to physically withdraw and deposit cash, thus speeding up the rate at which money changes hands.

Holding Everything Else Constant, the Increased Use of Credit Cards