Why were people in the United States in the nineteenth century sometimes willing to be paid by

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Why were people in the United States in the nineteenth century sometimes willing to be paid by check rather than with gold, even though they knew that there was a possibility that the check might bounce?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:14 AM

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Why were people in the United States in the nineteenth century sometimes willing to be paid by

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This behavior was because of the ease in transportation of check as ...View the full answer

Economics of Money, Banking and Financial Markets

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