Discussion Assignment: An Economy Without Paper Currency? Economics Homework Help

Anonymous
timer Asked: May 25th, 2016
account_balance_wallet $5

Question Description

Some say that with increased technology, such as ATMs and debit cards, and the expense of printing money, our society is headed for a completely paperless banking system. This means that paper money and coins would be removed from the economy. Instead, our bank balances would be handled by computers. We would carry plastic cards (much like debit cards) and use them to deduct money from our accounts and to pay bills. Paying bills will simply become a matter of deducting money from one account and crediting it to another via the computer.
Do you agree with this thought? Do you think we are headed for a completely paperless banking system with no paper currency at all? Post your answer to this question along with at least two reasons that support your opinion. Be sure to completely explain your position. Your explanation should be logical and show thought and reasoning.

Tutor Answer

Finchez
School: UT Austin

I agree that we are headed to a complete paperless economy. With the advancement in technology,
money is increasingly becoming virtual since most purchases are ...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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