Unquestionably, we are moving more and more toward a cashless society. In a cashless society (in the U.S.) it’s possible only drug dealers and firms paying their employees “under the table” will be using cash. Think about all the transactions you use debit or credit cards for each month. Like me, you might also be paying your bills electronically through your financial institution. And, as I mentioned earlier, only about 10% of M2 is actually currency; its circulation creates the rest of M2 in the worldwide banking system. Debit cards could easily replace this currency.
Introduction
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Your First Big Job: How to Get It
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Flourishing in Your Job and Well-Being in Your Life
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The Importance of Behavioral Economics
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What is Money?
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Analyzing Your Current Financial Situation
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Budgets and Saving
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Credit Cards, Auto Loans, and Other Personal Debt
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Student Loans
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Understanding the Time Value of Money
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Banks and Financial Institutions
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Buying a Home
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Insurance: What Do You Need?
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Investing Fundamentals
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Investing in Mutual Funds
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Saving for Retirement
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Fiscal Policy and Monetary Policy-Government Intervention in Your Life
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