1. 4. Some economists have suggested that someday we will live in a cashless society in which...
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1. 4. Some economists have suggested that someday we will live in a
“cashless society” in which all businesses (including stores) and banks will be linked to a centralized accounting system. In this system you will be able to pay for purchases directly from your bank account or phone without using cash. What are the costs of anticipated inflation in a cashless society? What are the costs of unanticipated inflation?
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