Suppose a new payment technology allows individuals to make payments using U.S. Treasury bonds (i.e., U.S. Treasury

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Suppose a new “payment technology” allows individuals to make payments using U.S.

Treasury bonds (i.e., U.S. Treasury bonds are immediately cashed when needed to make a payment and that balance is transferred to the payee). How do you think this payment technology would affect the transaction components of the demand for money?

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Macroeconomics Policy And Practice

ISBN: 9781137393951

1st Edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 11, 2024 05:00 AM

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Suppose a new payment technology allows individuals to make payments using U.S. Treasury bonds (i.e., U.S. Treasury

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Macroeconomics Policy And Practice

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