Given the Prevalence of Electronic Payment Mechanisms Like Credit Cards

question 49

Essay

Given the prevalence of electronic payment mechanisms like credit cards and debit cards and the safety of checks, why is the amount of currency in the hands of the public increasing?

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Definitions:

Creditors

Individuals or entities to whom money is owed by debtors for goods, services, or loans provided.

Marital Status

A legal or social recognition of a person's current state regarding marriage, such as single, married, divorced, or widowed.

Unsolicited Card

A credit or debit card issued to an individual without their explicit request or consent.

Credit Card Company

A financial institution that issues credit cards, allowing users to purchase goods and services on credit.