What would be the cost to the economy

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Reference no: EM131305538

1. What is a payments system? If there were a decrease in the efficiency of the payments system, what would be the cost to the economy?

2. Why did governments begin issuing paper currency? Why was paper currency needed?

3. Is the United States likely to become a "cashless society"? Briefly explain.

Reference no: EM131305538

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