Which of the following could explain an increase in velocity?
A) credit cards
B) wire transfers
C) cash management accounts
D) all of the above

Question

Quizplus · Accepted Answer

All the options listed (credit cards, wire transfers, cash management accounts) facilitate the quicker movement of money within the economy, thereby potentially increasing the velocity of money. This is because they allow for faster and more efficient transactions compared to traditional methods, such as cash transactions or checks, which take longer to process.

Which of the Following Could Explain an Increase in Velocity