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The Way We Pay with Money

W C Boeschoten and Martin M.G. Fase ()

Journal of Business & Economic Statistics, 1989, vol. 7, issue 3, 319-26

Abstract: We assess the sample distribution of payments in the Netherlands using survey data for 1984-86. The payment pattern fits a lognormal distribution with peaks caused by the price tags of the purchased items. The results are used to simulate the use of coins and notes, which indicates a rather efficient denominational mix but a high degree of hoarding for the large bank notes.

Date: 1989
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