Which of the Following Statements Is Not Consistent with the Quantity

question 23

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:

Skinner Box

A controlled environment used to study behavior conditioning by training animals through rewards and punishments.

Programmed

Designed or set up to follow a specific sequence of operations or instructions to achieve a particular outcome.

Emitted

The act of sending or discharging something, such as light, heat, or a behavior, often in response to specific stimuli or conditions.

Elicited

Drawn out or brought forth in response to a specific stimulus or set of circumstances.