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    Money & The Federal Reserve

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    Suppose a new law stated that any person could print their own money. Consider this and answer the following:

    What kind of changes would come about in daily commercial transactions as a result of such a law?
    What forms could this private money assume?
    What would influence an individual to either accept or reject private money?
    What institutions might arise in the free market to help a person decide whether to accept or reject a particular private monetary note?

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    https://brainmass.com/economics/barter-economy/money-federal-reserve-45255

    Solution Preview

    Money & The Federal Reserve
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    Suppose a new law stated that any person could print their own money. Consider this and answer the following:

    1. What kind of changes would come about in daily commercial transactions as a result of such a law?

    When such a law is passed people tends to print more money ...

    Solution Summary

    Ramifications of private money are presented.

    $2.19