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a) If less money is used to conduct the same daily transactions and everyone holds lesser money , how will the velocity of money be

a) If less money is used to conduct the same daily transactions and everyone holds lesser money , how will the velocity of money be affected? Explain your reasons.

b) If bonds are introduced in the economy, how will the introduction affect the willingness to hold money and consequently the velocity of money? What are the concepts behind this explanation?

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