The velocity of money increases for all of the following reasons except
A)use of electronic transmission of funds
B)increased use of charge accounts
C)increased use of automatic teller machines
D)a rising inflation rate
E)decreased use of credit cards

Question

Quizplus · Accepted Answer

The increased use of credit cards would lead to an increase in the velocity of money as it allows for faster and more convenient transactions. Therefore, decreased use of credit cards would not increase the velocity of money.

The Velocity of Money Increases for All of the Following