Convenient prices and cash usage

TEBER, Dilan; ÇEVİK, Saygın

doi:10.1080/13504851.2022.2041170

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The Prevalence and Rigidity Of 0-ending Prices1

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2022

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“…They find that the peaks of cash use correspond to transaction values that are multiples of $20, the most common denomination dollar bill in ATM machines. Teber and Çevik (2022) use survey data collected in 2020 by the Central Bank of Turkey on shoppers' preferred method of payment and confirm the findings of and . They report that the likelihood of cash usage increases with convenient prices and decreases with the transaction amount and the number of coins received in change.…”

Section: The Prevalence and Rigidity Of 0-ending Pricessupporting

confidence: 67%