Determinants of the velocity of money The velocity of money tends to increase when people have money balances. Which of the following would cause an increase in the velocity of money? Check all that apply. An increase in the availability and acceptance of credit cards A long period of low inflation An increase in the availability of automatic teller machines (ATMs) An increase in the frequency with which workers are paid In the late 1990s, the velocity of M1 the velocity of M2