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How Money Moves – How We Use Our Money

Toronto Condo News
Publication date:
August 24, 2020
Article Summary: 

The article discusses the various ways in which people use and store their money, including cash, electronic transfers, and credit/debit cards. While cash remains popular for its anonymity, electronic transfers offer convenience and are easier to trace. Credit/debit cards are the most common form of payment for transactions of $25 to $100, while transfers are most common for transactions of $100 or more. The article also notes an increasing trend of people storing their money in personal safes, behind walls, or in other non-bank locations. The importance of accommodating electronic transfers for condo fee payments is also highlighted.


Money storage, cash, electronic transfers, credit cards, debit cards, anonymity, convenience, personal safe, condo fees.

Source Citation: 
Toronto Condo News
How Money Moves – How We Use Our Money
August 24, 2020
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