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Suppose velocity does not change.Then, in the long run, a growth rate of the quantity of money that exceeds growth in real GDP has what effect?
Blank Checks
Blank checks are checks that are not filled out, having no specified amount of money written on them, but signed and ready to be used for any amount.
Safeguarded
In the context of finance and accounting, safeguarded refers to measures or controls implemented to protect assets from loss, theft, or unauthorized use.
Cash Disbursements
The funds that are paid out by a business, typically documented in a cash disbursements journal.
Money Orders
A payment order for a pre-specified amount of money, often used as a safer alternative to cash or personal checks.
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