Which of the following statements is NOT consistent with the quantity theory of money?
A) The velocity of money can be affected by how frequently workers are paid.
B) The velocity of money can be affected by the development of new financial instruments,such as interest-bearing checking accounts.
C) The velocity of money can be affected by the manner in which the banking system clears transactions between banks.
D) Velocity can change with changes in the interest rate.
Correct Answer:
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