ECO 306 Short Paper # 1 – The Financial System Over the course of our adult lives most of us constantly need to buy products and services to support our daily needs. We buy food, electricity, gas, appliances, cars, houses, pay for phone and cable services, for piano lessons, haircuts, house repairs and many more. The constant money outflow is supported by cash inflows from paychecks, investments, and other sources of income. Unfortunately, while in the last couple of years economy is slowly improving…
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