The Economics of Credit Cards | Mercatus

Credit cards and other electronic payment vehicles are a large and increasingly important part of how we do business. Credit cards allow consumers all over the world to have instantaneous access to credit to transact in both traditional in-person retail settings and over the Internet with businesses they will never see. In the U.S., we have become accustomed to paying for an increasing share of our purchases through electronic means.

via The Economics of Credit Cards | Mercatus.


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