Suppose a new payment technology allows individuals to make payments using Canada bonds (i.e., Canada bonds are
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Suppose a new “payment technology” allows individuals to make payments using Canada bonds (i.e., Canada bonds are immediately cashed when needed to make a payment and that balance is transferred to the payee). How do you think this payment technology would affect the transaction components of the demand for money?
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Related Book For 
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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