Money makes the payments system work. The payments system is the web of arrangements that allows people

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Money makes the payments system work. The payments system is the web of arrangements that allows people to exchange goods and services. There are three broad categories of payments, all of which use money at some stage.

a. Cash

b. Checks

c. Electronic payments

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Mar 21, 2024 02:02 AM

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Money makes the payments system work. The payments system is the web of arrangements that allows people

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Indeed money is essential for facilitating transactions within the payments system which encompasses various methods of exchanging goods and services ...View the full answer

Money Banking And Financial Markets

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