If you use an online payment system such as PayPal to purchase goods or services on the

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If you use an online payment system such as PayPal to purchase goods or services on the Internet, does this affect the M1 money supply, the M2 money supply, both, or neither? Explain.

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 03:55 AM

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If you use an online payment system such as PayPal to purchase goods or services on the

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Neither Although PayPal and many other emoney systems work as o...View the full answer

The Economics of Money Banking and Financial Markets

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