EBK THE ECONOMICS OF MONEY, BANKING AND
EBK THE ECONOMICS OF MONEY, BANKING AND
4th Edition
ISBN: 9780100668201
Author: Mishkin
Publisher: YUZU
Question
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Chapter 3, Problem 9Q
To determine

Why people were willing to be paid by check rather than with gold during 19th century in the U.S.

Concept Introduction:

Money is easily portable and has less transaction costs.

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