Economics
5th Edition
ISBN: 9781319066604
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 30, Problem 3BCQ
To determine
The effect of future actions of the Federal open market operation committee on PayPal and other similar services.
Introduction: Federal Open market operation refers to the operation by the central bank that helps in the purchase and sale of securities in the open market operations.
PayPal refers to an electronic fund transfer system that allows all its users to make online transactions. With PayPal, one can send and receives payments and even make or receive donations.
PayPal also provides the facility to all the users with PayPal account to set their own currency conversion options
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