Financial innovation has reduced individuals need to carry cash. Explain how. 6.* Many people believe that, despite

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Financial innovation has reduced individuals’ need to carry cash. Explain how.

6.* Many people believe that, despite ongoing fi nancial innovations, cash will always be with us to some degree as a form of money. What core principle could justify this view?

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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