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Electronic Funds Transfers: Value of Money?

1) Electronic Funds Transfers! Value of Money?
There is often a number of people in the world that do not actually see the value of a dollar anymore. The fact that a person can go up to an ATM and withdraw any amount of cash. They forget that you have to actually have money in the bank to get the money from an ATM. Do you think that people have lost their concept of paper money?

2)Farming and Agriculture Technology
An industry that no one in the big cities actually realizes has been affected by technology is the farming industry. Farmers have computers that monitor the weeds, moisture, and chemical content of their fields. It even tells them the optimum time to harvest. Yields have grown tremendously. Here is an example site http://www.nnsw.com.au/arcompro/agric.html

Dairy Farmers actually monitor the milk output of certain cows and change their feed according to a scientific formula.

Are there any aspects of farming that are still due to experience the advent of technology that will increase their production?

3) If the concept of disruptive versus sustaining technologies is valid, then how would you know when a new technology is on the cusp of overtaking your existing technology and, perhaps, my business?

4) Heavyweight development teams require a large number of diverse resources. How would you decide when it's best to invest in heavyweight development versus the lower cost and more nimble targeted project team?

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1Electronic Funds Transfers! Value of Money?

There is often a number of people in the world that do not actually see the value of a dollar anymore. The fact that a person can go up to an ATM and withdraw any amount of cash. They forget that you have to actually have money in the bank to get the money from an ATM. Do you think that people have lost their concept of paper money?

Yes, it can be truly said that the electronic money or plastic money in the form of credit cards is eroding the value of traditional paper money in the minds of the people. In the case of electronic money being transacted online or money withdrawn via ATM, people have not forget the fact that such transactions are backed up by actual money in the bank and one cannot utilize any amount, without such amount being already present in the account.

However, the rising use of credit card that extends credit to an individual in the form of virtual or electronic money is indeed causing people to spend more and more and thus, burdening themselves under huge debts. People, while using credit card, often forget that such money needs to be repaid with actual money.

However, it is to be noted that such electronic money has indeed proved to be lot more convenient and safe for the people. Electronic money fulfills the same function as a paper money, and is more safe and convenient to use. In today's globalized and fast paced world, such smooth movement of money across distances and fast paced transactions has only been made possible with the use of electronic money. So, the concept of paper money has not been fully eroded, however, the benefits of electronic money in the form of convenience and safety is fast changing the usage in the favor of electronic money. ...

Solution Summary

There is often a number of people in the world that do not actually see the value of a dollar anymore. The fact that a person can go up to an ATM and withdraw any amount of cash. They forget that you have to actually have money in the bank to get the money from an ATM. Do you think that people have lost their concept of paper money?

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