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Are consumers cashing out?

Are consumers cashing out?

Source: Federal Reserve Bank of Cleveland

While people are using electronic payments more, are they using cash less, ask Paul Bauer and Dan Littman of the Federal Reserve Bank of Cleveland

The information age has led to many new forms of payment, including credit cards, debit cards, and online banking. In many ways, these new mechanisms seem preferable to cash. While the disappearance of cash is a very long way off, it seems people are starting to use it less.

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