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:

Preoperational

A stage in Jean Piaget's theory of cognitive development, typically from ages 2 to 7, where children start to use language and symbols but do not yet understand concrete logic or the principle of conservation.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in child development and cognitive theory.

Egocentrism

The inability to differentiate between self and others, often leading to a perspective that is overly centered on one's own views and experiences, without adequately considering those of others.

Preoperational

A stage in Piaget's theory of cognitive development where children from about 2 to 7 years old are able to engage in symbolic play but not yet capable of logical thought.