Should the federal reserve change the definition of m1

Assignment Help Business Economics

Reference no: EM13147910

Suppose that technology completely eliminates the use of cash. People buy newspapers by putting debit cards in the newspaper box. They use the Internet to pay babysitters. With no cash, does the nature of money change? Should the Federal Reserve change the definition of M1?

Reference no: EM13147910

Questions Cloud

How many moecules of n2 are needed : How many moecules of N2 are needed to react with 30 molecules of H2?

Explain the hypothetical model of the process : Explain the hypothetical model of the process of cell-wall expansion.

What is the nominal interest rate on the bond : suppose the yield to maturity on a 1-year bond is 6 percent. Everyone expects inflation over the year to be 3 percent, but it turns out to be 5 percent. What is the nominal interest rate on the bond, the ex ante real rate, and the ex post real rat..

Test claim that mean age of people in us is sixty year : Use α = 0.10 and assume that the population is normally distributed. Write a paragraph that interprets the test's decision.

Should the federal reserve change the definition of m1 : They use the Internet to pay babysitters. With no cash, does the nature of money change? Should the Federal Reserve change the definition of M1?

Total expenditures for health care in the us : Briefly summarize your views on whether the total expenditures for health care in the United States are too high. Provide your rationale, including the criteria you are using for your assessment.

What tool does one use to seperate dna fragments : Name the technique used to increase a quantity of DNA?

Problem regarding to gross income : Carin, a widow, elected to receive the proceeds of a $100,000 life insurance policy on the life of her deceased husband in 10 installments of $15,000 each. Her husband had paid premiums of $75,000 on the policy. In the first year, Carin collected ..

Illiana is a traveling sales agent : Illiana is a traveling sales agent. Illiana not only solicits orders but also delivers the goods and collects payments from her customers. Illiana places all payments in her private checking account

User Account

All Pages