U.S. consumers' holdings and use of $100 bills

Conventional wisdom asserts that $100 bills are often associated with crime and foreign cash holdings, leading some commentators to call for their elimination; in light of this proposal, it is useful to examine the legal, domestic use of cash. This report uses new data from the 2012 Diary of Consumer Payment Choice (DCPC) to evaluate consumer use of $100 bills as a means of payment.

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Year of publication:	2014-11-25
Authors:	Greene, Claire ; Schuh, Scott
Institutions:	Federal Reserve Bank of Boston
Subject:	money demand \| currency denominations \| $100 bill \| Diary of Consumer Payment Choice

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Extent:	application/pdf
Series:	Research Data Report.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Research Data Report Number 14-3 26 pages
Classification:	D14 - Personal Finance ; E41 - Demand for Money
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011274942