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- W265439884 abstract "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 view, 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. On a typical day in the United States, 5.2 percent of consumers have a $100 bill in their pocket, purse, or wallet. But only 22 percent of U.S. consumers have at least $100 in their wallet, pocket, or purse. Of these cash-intensive consumers, the main association with holding a $100 bill is the amount of cash carried. A consumer who carries $400 to $699 has a 64 percent probability of carrying at least one $100 bill." @default.
- W265439884 created "2016-06-24" @default.
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- W265439884 date "2014-01-01" @default.
- W265439884 modified "2023-09-27" @default.
- W265439884 title "U.S. Consumerss Holdings and Use of $100 Bills" @default.
- W265439884 cites W2014496763 @default.
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- W265439884 doi "https://doi.org/10.2139/ssrn.2564138" @default.
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