In 2007-2009, the Fed cut interest rates to limit the international financial crisis.What is the effect of this on velocity?

Name: In 2007-2009, the Fed cut interest rates to limit the international financial crisis.What is the effect of this on velocity?
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When interest rates are lowered, individuals and businesses are more likely to borrow money, which can lead to a decrease in their need to hold money. As a result, velocity decreases because money is changing hands more frequently.

In 2007-2009, the Fed Cut Interest Rates to Limit the International