Are Consumers Cashing Out?
In a paper titled "Are Consumers Cashing Out?", Paul Bauer and Daniel Littman of the Federal Reserve Bank of Cleveland examine consumer usage of cash for payments - "Two indirect methods of measuring cash usage suggest that people are indeed switching from cash to more electronic forms of payment, but the process is happening slowly. Innovations in electronic payments may be gradually eroding the advantages of using cash, but cash is still preferred for many transactions."
Stumble It!
Add your comment... (note that all comments are reviewed before they're published)