Problem
E-commerce and monetary policy: In the context of the money supply-and demand diagram, explain the effects of financial innovations like e-commerce and the increased prevalence of credit card readers in stores. Are the effects possibly related to the fact that central banks in most countries express monetary policy in terms of a target for the nominal interest rate?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.