Suppose that Congress changes the law to require all firms to accept paper currency in exchange for

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Suppose that Congress changes the law to require all firms to accept paper currency in exchange for whatever they are selling. Briefly discuss who would gain and who would lose from this legislation.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Dec 31, 2018 11:46 AM

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Suppose that Congress changes the law to require all firms to accept paper currency in exchange for

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People who hold a lot of cash and those who wanted ...View the full answer

Money, Banking, and the Financial System

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