Cash is still king.DESPITE reports of the demise of cash, Britons still used notes and coins to carry out the majority of transactions last year, figures showed today. Around 56 per cent of all transactions were paid for using cash during 2008, with cash also used for 33 per cent of spending in shops, according to the British Retail Consortium The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. . The group said consumers were favouring cash during the current economic downturn as a way of helping them budget. But despite this, the proportion of transactions for which notes and coins were used fell slightly during the year, down from 60 per cent in 2007. The BRC BRC Black Rock City (Burning Man) BRC British Retail Consortium BRC Business Resource Center (Small Business Administration) BRC Bisexual Resource Center BRC Black Radical Congress said cash was the cheapest payment method for retailers, with transactions paid for in cash costing an average of just 2p each, compared with 8p for every debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. payment and 35p for each credit card one. |
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