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The colour of money

The colour of money

Source: Bank of Canada

Varya Taylor of the Bank of Canada analyses the results of a survey of consumers' payment habits and their perceptions of cash and its alternatives, including their confidence in the security of bank notes.

While the volume and value of bank notes have continued to increase, the use of cash as a payment method has been affected by the growing use of electronic alternatives.

Analysis of the survey results shows that numerous factors affect the demand for bank notes, including income, age, education, gender, the use of debit and credit cards, and the perceived convenience of cash.

Taylor also includes a report on the construction of a bank note confidence index that will serve as a benchmark for future surveys.

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