The Future of Money and Banking

Imagine you come back to your economics class in the year 2050. How will the textbook describe money and banking? Based on trends you see today, make a prediction for the future of money. Explain why you think this trend will occur and how it will affect the US economy.

For information on the currency now in circulation go to:
http://research.stlouisfed.org/fred2/series/currcir

and the US Department of Treasury “frequently asked questions” at:

http://www.ustreas.gov/education/faq/currency/index.html

For information on electronic transactions see:

http://www.moneypage.com/emoney/

For current regulation of electronic funds transfer see:

http://www.federalreserve.gov/pubs/consumerhdbk/electronic.htm