Which of the Following Statements About the Velocity of Money

question 69

Multiple Choice

Which of the following statements about the velocity of money in the U.S.is correct?

• A)From 1915 to 1947,the velocity of M1 increased.
• B)From 1947 to 1973,the velocity of M1 decreased.
• C)The growth in the velocity of money was steady in the 1970s.
• D)The velocity of money has remained more or less stable post 1980s.
• E)ATM machines and credit cards have increased the velocity of money.

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