In the United States Over the Last Decade,the Velocity of

Multiple Choice

In the United States over the last decade,the velocity of

A) M1 has been more stable than the velocity of M2,possibly because of the deregulation of the interest paid on checkable deposits
B) M1 has been more stable than the velocity of M2,leading the Fed to rely more on M1 targets
C) M2 has been more stable than the velocity of M1,but the Fed still relies on M1 targets
D) M2 has been more stable than the velocity of M1,possibly because of the deregulation of the interest paid on checkable deposits
E) both c and d are true