If credit cards were made illegal by congressional legislation, what would happen to velocity? Explain your answer.

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:04 AM

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If credit cards were made illegal by congressional legislation, what would happen to velocity? Explain your answer.

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Velocity would fall because a g...View the full answer

The Economics of Money Banking and Financial Markets

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