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It is difficult to test whether the velocity of money is constant over time because
Credit Card
A small plastic or metal card issued by a bank that allows the holder to purchase goods or services on credit.
Rate Of Interest
The percentage charged on a loan or paid on an investment over a specific period, usually annually.
Monthly Payments
Regular payments made once a month, typically in the context of loans or mortgages.
Loan
A sum of money borrowed by an individual, business, or other entity from a lender that is expected to be paid back with interest over a specified time period.
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