How will an increase in the efficiency of the payments mechanism effect velocity?
A) It will decrease.
B) It will increase.
C) It will remain constant.
D) Velocity is unrelated to payments.
Correct Answer:
Verified
Q84: The principal factor determining velocity is the
A)level
Q86: Economists observed the following growth rates in
Q86: When analyzing how money affects income, we
Q87: In 2005-2006, the Fed increased interest rates
Q88: Economists observed the following growth rates in
Q90: Many banks offer accounts featuring "Automatic Transfer
Q92: Following an anticapitalist coup, Freedonia forces all
Q94: In the short run, an increase in
Q95: As we approached the end of the
Q96: In 2007-2009, the Fed cut interest rates
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents