Question of the Day: Rank order these payment types from most to least popular with consumers: cash, debit card and credit card. - Blog
Answer: Debit card, credit card, cash From Federal Reserve of Atlanta: Note: Results from 2009 through 2014 are based on the American Life Panel; 2015 through 2020 results are based on the UnderstandingAmerica Study panel. OBBP stands for online banking bill payment; BANP stands for bank account number payment.Source: 2009–20 Surveys of Consumer Payment Choice Questions: How do you typically pay for things today? Why do you use that method? Summarize changes that have occurred between 2015 and 2020 in how people pay for things. What is one major difference between debit cards and credit cards?