How will an increase in the efficiency of the payments mechanism effect velocity?
A. Velocity will decrease.
B. Velocity will increase.
C. Velocity will remain constant.
D. Velocity is unrelated to payments.
Answer: B
Economics
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A. one B. three C. five D. seven
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Expectations that the price level will increase in the future will _____
Fill in the blank(s) with the appropriate word(s).
Economics
Which of the following is NOT included in M1?
A. travelers checks B. transaction deposits C. small time deposits D. currency
Economics