How does monetary policy affect the economy? We know that monetary policy has an important effect on the behaviour of the economy (e.g., income, employment, investment). Most theories of how exactly this happens rely on nominal rigidity in wages and (or) prices.
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For example, the Bank typically does not pay overdrafts if your account is not in good standing or you have had excessive overdrafts. For Teen Checking accounts our overdraft fee is $15 per item; Teen Checking customers will not be assessed more than two (2) overdraft fees per day.