If Crafting Economic Policy Is Difficult, Can Policy Makers Be

question 11

Essay

If crafting economic policy is difficult, can policy makers be "nudged" in a way that will help them?

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Definitions:

NSF Cheque

A cheque that has been returned by a bank as unpaid because the account on which it was drawn did not have sufficient funds, often incur fees.

Bank Service Charges

Fees charged by banks for the use of their services, such as account maintenance fees, transaction fees, and overdraft charges.

Outstanding Cheques

Checks that have been written and recorded by a company but have not yet been cleared or deducted from the bank account balance.