Despite the efforts that commercial banks have made to promote the use of debit cards and the introduction of new payment methods, the migration from cash to electronic payment methods is not proceeding as quickly as sometimes expected. Why do people pay by cash on one occasion and by bank card...

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Abstract Counterfeit prevention is a major concern for central banks. In search of effective policy measures, it is often claimed that a clean banknote circulation helps the general public to more easily detect counterfeits. To examine this claim, we conducted an experimental study with 250...