Multiple Choice
Holding everything else constant, the increased use of credit cards in recent years probably
A) increased M1 velocity.
B) decreased M1 velocity.
C) did not affect M1 velocity.
D) caused nominal balances to rise more slowly than real balances.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: If credit card companies imposed a per
Q31: The tendency of individuals to hold money
Q32: The correct expression for the equation of
Q33: According to Irving Fisher, the demand for
Q34: Real money balances equal<br>A)MP.<br>B)M/P.<br>C)P/M.<br>D)nominal money balances.
Q36: Transactions velocity<br>A)was rejected by Irving Fisher as
Q37: Which of the following central banks continues
Q38: Friedman's expression for the demand for real
Q39: In order to convert the equation of
Q40: The equation of exchange is an identity