This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How have financial innovations such as direct deposit of paychecks, electronic payment of bills, and ... (Read 31 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
How have financial innovations such as direct deposit of paychecks, electronic payment of bills, and automated teller machines (ATMs) affected the velocity of money and the demand for real money balances?
 
  What will be an ideal response?

Question 2

The phenomenon in which an insured individual takes less care in preventing the event against which she is insured is an example of
 
  A) foolish behavior.
  B) adverse selection.
  C) moral hazard.
  D) double coincidence of wants.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 30, 2018
Answer to Question 1

Because of these innovations, each unit of money is more quickly and easily available for transactions. Each unit of money is transacted more frequently, so velocity is increased. A given volume of transactions can be accomplished with fewer units of money, so the demand for real balances is reduced.

Answer to Question 2

C


cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
:D TYSM

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Phylogeny of modern seedless and seed plants showing critical innovations Phylogeny of modern seedless and seed plants showing critical innovations
A typical office file room. (Paper medical records are rapidly being replaced by electronic ... A typical office file room. (Paper medical records are rapidly being replaced by electronic ...
Electronic service information is available from aftermarket sources, such as All-Data and ... Electronic service information is available from aftermarket sources, such as All-Data and ...
A gasoline direct-injection system injects fuel under high pressure directly into the combustion ... A gasoline direct-injection system injects fuel under high pressure directly into the combustion ...
The two TP sensors used on the throttle body of an electronic throttle body assembly produce ... The two TP sensors used on the throttle body of an electronic throttle body assembly produce ...
Direct-Acting Cholinergic Agnostic Agents Direct-Acting Cholinergic Agnostic Agents
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library