How would this change the way you shop and pay bills how


1. Suppose that debit cards, ATMs, ACH transactions, and other forms of electronic funds transfers did not exist. How would this change the way you shop and pay bills? How would transactions costs in the economy be affected?

2. Are the assets included in M1 more or less liquid than the assets included in M2? Briefly explain.

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Finance Basics: How would this change the way you shop and pay bills how
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