Which of the Following Statements About the Velocity of Money

question 19

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)In the 1970s,velocity growth was extremely stable at approximately 3% to 4%.
• D)During most of this century,the velocity of money has remained unchanged.
• E)The velocity of money has decreased because of ATM machines and credit cards.