The use of efficient payment systems like electronic fund transfer in the United States led to an increase in the velocity of money.

Name: The use of efficient payment systems like electronic fund transfer in the United States led to an increase in the velocity of money.
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Efficient payment systems like electronic fund transfer reduce the time and friction in transactions, allowing money to circulate more quickly through the economy, thus increasing the velocity of money.

The Use of Efficient Payment Systems Like Electronic Fund Transfer