In times of financial panic,we expect the velocity of money to:
A) increase.
B) decrease.
C) remain relatively constant.
D) first increase and then decrease.

Name: In times of financial panic,we expect the velocity of money to: A) increase. B) decrease. C) remain relatively constant. D) first increase and then decrease.
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Question

Quizplus · Accepted Answer

During times of financial panic, people tend to hoard their money and spend less, causing the velocity of money to decrease.

In Times of Financial Panic,we Expect the Velocity of Money