Essentially, it's convenient to hold a certain average amount of money at any given time, depending on the kind of purchases you make and the size of your income. ... Thus, one reason to hold money is to use it as a means of payment in transactions in the future.
- Why is consumer spending important? - Consumer spending is an important economic indicator... (Read More)
- What happens to consumer spending during a recession? - During recessions, of course, consumers set stricter... (Read More)
- What is an example of monetary policy? - Monetary policy is the domain of a... (Read More)
- Who is in charge of monetary policy? - For example, in the United States, the... (Read More)