Foster, Kevin; Schuh, Scott; Zhang, Hanbing - Federal Reserve Bank of Boston - 2013
from the financial crisis and recession. Cash payments by consumers, which had increased sharply in 2009, did not fall back … but rather grew another 3 percent in 2010. However, the share of cash payments, the dollar amount of cash withdrawals, and … cash holdings by consumers decreased moderately in 2010. Credit card payments by consumers increased 15 percent, reversing …