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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
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 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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