Lesson 36. Digital Money

Task 3. See the video-graphic and fill in the gaps. Sum it up

Чтобы выполнить задание нужно авторизоваться и тогда появятся кнопки "Сохранить" и "Завершить задание".

How has the use of cash changed in America?

Since the 1990s, the American economy has grown healthily. But the use of for everyday spending stayed roughly the same. Cash as or for expensive transactions grew mostly in line with GDP. The bump was for the year 2000 hiccups but banks functioned normally.

Over the past decade and a half, the American economy continued to grow, despite a dip from the economic crisis. But smaller notes barely grew at all. But outpaced GDP particularly during the financial crisis beginning in 2007. They were used for criminal activity, and out of fear of bank failure. So where the US economy is up by 65 percent, cash for smaller transactions increased only . And $100 notes increased almost .

Some economists argue that replacing physical currencies with digital ones will reduce crime, increase tax revenue and . But what’s clear is that Americans spend relatively less cash, but keep more of it around.

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