4. One More Thing Cell Phones Could Do: Replace Wallets Soon you'll be able to pull out...

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4. One More Thing Cell Phones Could Do: Replace Wallets Soon you'll be able to pull out your cell phone and wave it over a scanner to make a payment. The convenience of whipping out your phone as a payment mechanism is driving the transition. Source: USA Today, November 21, 2007 If people can use their cell phones to make payments, will currency disappear? How will the components of M1 change?

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Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

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