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Impact of Credit Cards on Consumers by Muhammad Mazhar Younus is a document available to read on EtoBox.
What is Impact of Credit Cards on Consumers about?
This document summarizes a study on the economic effects of credit card usage. It finds that: 1) Credit cards allow households to reduce the amount of money held in checking accounts ("transactions demand for money") since cardholders need less cash on hand. The study estimates cardholders hold around $2,200 less in checking balances. 2) Credit card balances peak around the same time as consumers
- Author
- Muhammad Mazhar Younus
- Language
- EN