What Is the Most Common Form of Non-Cash Payments?
Answer: Debit cards (by a long shot)
From Federal Reserve (hat tip to Big Picture Blog):
On the subject of debit cards, check out the NGPF Lesson: Pick A Payment Method where your students will learn the various pros/cons of different payment methods.
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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