which of the following are true statements about another growth model - the Quantitative Theory of Credit? [Multiple select] Credit creation drives nominal GDP growth and asset price inflation. Banks are only financial intermediaries between borrowers and lenders. Empirically, in the 20th century, the velocity of money is usually constant over time when money is defined as M0, M1. . .M5. A large ratio of Cr/C can lead to bank crashes and recession.

which of the following are true statements about another growth model - the Quantitative Theory of Credit? [Multiple select] Credit creation drives nominal GDP growth and asset price inflation. Banks...

Jun 10, 2022