The Quantity Equation of Money Can Be Re-Written as the Quantity

question 66

Essay

The quantity equation of money can be re-written as the quantity theory of money when we assume velocity of money (V) to be constant. Assume there are three possible developments:
a. There is a rise in the number of shopping malls.
b. There is a rise in the number of banks operating.
c. There is a rise in the number of ATMs.
Which of the above can alter the money velocity, and how?

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Definitions:

Prevent

Prevent refers to taking measures to ensure something undesirable, such as an issue or condition, does not happen.

Programs

Planned series of activities or procedures designed to achieve specific goals or outcomes.

Thinking about Death

The contemplation of mortality and the implications of one's own demise or the death of others.

First Steps

First Steps typically refers to the initial measures or actions taken toward achieving a goal or commencing a process.