From the Statistical Abstract 1995 and 2007 -- %ages calculated by
myself.
Year M1 currency %
1980 408 115 28
1990 826 294 36
2005 1369 724 53
I stand in the checkout line at teh supermarket and see the guy ahead
of me using a credit card or debit card. Yet curency is soaring as a
percentage of M1.
I'd ask something like, "Why is currency so popular?" But I'd get
nothing but cheap jokes.
