LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory As mobile payment aggregators expand in usage, what is the most likely effect on monetary velocity?

Question

LG 1. Knowledge Comprehension

LO 1.1. Generate knowledge of core concept and theory As mobile payment aggregators expand in usage, what is the most likely effect on monetary velocity?

Answer

It decreases due to higher transaction costs.

Answer

It increases because transactions occur faster and more frequently.

Answer

It remains constant since digital payments are neutral to velocity.

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LG 1. Knowledge Comprehension LO 1.1. Generate knowledge of core concept and...

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