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.
Free Checking With USAA Bank. A USAA Secure Checking Account has no monthly service fees, regardless of how many features it offers or how often you use them. Open a USAA Secure Checking Account with as little as $25 and face no minimum balance requirements or penalties after that. When you bank with USAA, you can use more than 60,000 USAA-preferred ATMs for free. But don't worry: If you have to use another bank's ATMs, we'll refund the fees.
Whatâs even more interesting is how much higher that figure is than it was in 2007, just prior to the Great Recession. At that time, the average American only had $788 in their checking accounts. This points to a change in financial behavior likely due to the scare of the downturn of the economy in 2009. People began to keep more available cash on hand.