Which of the Following Statements Is NOT Consistent with the Quantity

question 107

Multiple Choice

Which of the following statements is NOT consistent with the quantity theory of money?

• A)The velocity of money can be affected by how frequently workers are paid.
• B)The velocity of money can be affected by the development of new financial instruments,such as interest-bearing checking accounts.
• C)The velocity of money can be affected by the manner in which the banking system clears transactions between banks.
• D)Velocity can change with changes in the interest rate.

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Definitions:

Express Contract

A type of contract formed by explicit written or spoken agreements between parties.

District Attorney

A public official who represents the government in the prosecution of criminal offenses.

Involuntary Manslaughter

The unintentional killing of a person due to reckless or careless actions, without the intent to cause death.

Negligence

Guilty of neglect; lacking in due care or concern; act of carelessness.