教师节快乐用英语怎么说
ABSTRACT
26个英文字母的发音As a recently expanded alternative technology for conducting transactions, credit cards have the potential to alter consumers' demand for money. A look at how credit cards have changed money balances spotlights the traditional monetary theme that transactions costs influence a consumer's level of liquid asts.
japane cherry blossomA cross-ctional study of family-level transactions account holdings explores the impact of credit card usage. Credit card usage is positively related to the dollar amount a consumer keeps in the sum of their checking and savings, ceteris paribus.
dfj是代表什么意思Credit cards may change the timing of flows through the accounts, for example by replacing a continual outflow of money with discreet monthly card payments, in a way that offts any reduction in the precautionary demand for money. An inventory management model of money holdings is analyzed for cas where the ability to aggregate transactions would match the obrved positive impact on money holdings.
孔雀东南飞翻译To examine the effects of the increa in credit card usage in the economy in general, time ries regressions model revolving consumer credit against monetary aggregates, controlling for interest ra
tes and economic growth. Revolving consumer
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credit usage has a positive effect on Ml, which is consistent with my cross-ctional results, but has a negligible effect on M2.
软件设计师证书mkThe price of consumer credit is relatively non-responsive to the change in the cost of funds following a monetary policy shock; revolving consumer credit provides an independently priced substitute for money balances. To analysis the impact of incread liquidity from credit cards, revolving consumer credit outstanding was incorporated into a model of money holdings following a monetary policy shock. Higher levels of revolving consumer credit outstanding are associated with more transitory monetary policy shocks, indicating that the expansion of revolving consumer credit in the economy coincides with a decrea in consumer liquidity effects that propagated monetary policy shocks.
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