The Velocity of Money Increases for All of the Following

question 23

Multiple Choice

The velocity of money increases for all of the following reasons except

• A)use of electronic transmission of funds
• B)increased use of charge accounts
• C)increased use of automatic teller machines
• D)a rising inflation rate
• E)decreased use of credit cards

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Definitions:

Profitable Use

The effective and efficient utilization of resources (assets, equipment, personnel) that leads to generating profit or achieving financially beneficial outcomes.

Intermediate Product

An intermediate product is a semi-finished good used as input in the production of another final or finished product.

Refined Sugar

Sugar that has been processed from its natural state to remove impurities and achieve a higher level of purity.

Processed Further

A term used to describe additional operations or processing a product undergoes beyond the initial stages of production to enhance its value.