Exploring Macroeconomics
8th Edition
ISBN: 9781544363332
Author: Robert L. Sexton
Publisher: Sage Publications
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Chapter 17, Problem 7P
To determine
To Explain:
The reason for ATMs and online banking has been a significant reason for making saving accounts more liquid than they were before.
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Chapter 17 Solutions
Exploring Macroeconomics
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Similar questions
- How do you keep track of how much money is in your account? help with this questionarrow_forwardIn our daily life we use credit cards and debits cards for payments. Are credits cards considered money, yes or no? How about debit cards? Please provide the reasoning.arrow_forwardYou may be tempted to think you’re all set once you have a checking account, but it’s important to have a savings account, too. Why do you need both?arrow_forward
- Draw or write a diagram showing how the money you put into bank account works to the benefit of the countryarrow_forwardWhat is Money? Describe money and how it is usedarrow_forwardDebit cards allow an individual to transfer funds directly in a checkable account to a merchant without writing a check. How is this different from the way credit cards work? Are either credit cards or debit cards money? Explain.arrow_forward
- Your friend Tim wants to open a checking account, but he's not sure how to do it. Explain the process from start to finish.arrow_forwarda. "Credit cards are considered money because they serve to purchase goods and services." Explain your answer?arrow_forwardWhat are 2-3 products and/or services that have been improved or introduced in recent years by banks due to new technology?arrow_forward
- What caused Silicon Valley Bank to reach the national and international headlines and breaking news?arrow_forwardWhat are the benefits of opening a bank account as a young person? Can someone help with this questionarrow_forwardTo deposit and withdraw funds from linked bank accounts, which system call will be used? Withdraw your fundsarrow_forward
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