Let’s now take a look at the question of whether or not cash is dead. View the presentation “Cash Is Dead! Long Live Cash! (Links to an external site.)”.
Briefly explain this paradox: Why have people’s cash-holdings continued to rise, despite the many alternatives to cash that are now in use?
Are debit card balances part of M1? How about credit card balances? Explain each answer briefly.
Some people believe that cash will never go away, because there are some sectors of society that will continue to insist on cash for transactions. Discuss one such sector.