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NYC NYC
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8 years ago
Which of the following statements is consistent with the quantity theory of money?
A) The velocity of money can be affected by the development of new financial instruments, such as interest-bearing checking accounts.
B) The velocity of money can be affected by the manner in which the banking system clears transactions between banks.
C) The velocity of money can be affected by how frequently workers are paid.
D) all of the above
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Good answer, thanks.
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