economics

economics
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  • Morgan: What are the advantages and disadvantages of bartering, using currency, and credit and debit cards for exchange?
  • Banker: Money goes down in value when the government prints to much money. But on the other hand, with credit you get time to pay your debt back. With debit cards the money used to pay for the transaction is usually deducted from your account within a day or two depending on when the retailer presents the transaction for payment.
  • Morgan:  Thank you. I appreciate the advice about the ways of money. Banker: No problem, I'm glad I could help! 
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