Credit cards could be one reason that velocity is higher today than a few decades ago.

Name: Credit cards could be one reason that velocity is higher today than a few decades ago.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Credit cards facilitate faster and more frequent transactions by providing consumers with immediate access to credit, thus potentially increasing the velocity of money compared to periods when they were less prevalent.

Credit Cards Could Be One Reason That Velocity Is Higher