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To complete payments, do you think people need more or less currency per dollar of transactions than they did 30 years ago? After stating your
To complete payments, do you think people need more or less currency per dollar of transactions than they did 30 years ago? After stating your hypothesis, plot currency in circulation as a percent of GDP from 1990 (FRED codes: CURRENCY and GDP). Was your intuition consistent with the data? What might account for the trend you observe?
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