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

Claire Greene () and Scott Schuh ()

No 14-3, Research Data Report from Federal Reserve Bank of Boston

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 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.

Keywords: money demand; $100 bill; Diary of Consumer Payment Choice; currency denominations (search for similar items in EconPapers)
JEL-codes: D14 E41 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2014-11-25
New Economics Papers: this item is included in nep-mac
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