High for the Swiss and low in Portugal, the average amount of money that we keep in our wallets for cash payments varies from country to country.
Like Mark Twain saying, “The reports of my death have been greatly exaggerated,” non-cash payments have not eliminated currency.
Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.
The currency part of a money supply needs three basic characteristics that relate to value and also usually a design that reflects a national identity.
Our everyday economics includes gender gap, human capital, competition, regulation, opportunity cost, money supply, currency and conspicuous consumption.
Although paper currency is just one part of a money supply, a special design like Norway’s new kroner notes conveys an inspirational message.
Part of keeping the money supply at the right level involves the Fed monitoring the paper money that enters circulation and recycling cash that leaves it.
Our story begins in 2010 when the United States announced that it would be issuing a state-of-the-art $100 bill. Designed to thwart counterfeiters, the new bill has 3-D interactive features. When you move it, certain shapes and colors shift. There…
While the demand for cash is up… We are using it less to pay for things… So, what are people doing with their cash? (Hint: Compare the total currency in circulation to denominations up to $50.) Our clue is the…