Just One Word: Plastic. Katrina Brooker.
by Brooker, Katrina; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 25Business. Publisher: Fortune, 2004ISSN: 1522-3191;.Subject(s): Cash transactions | Charge accounts | Consumer behavior | Consumption (Economics) | Corporations | Credit cards | Finance companies | Visa International IncDDC classification: 050 Summary: "The credit card is like the telephone: It just is. You can't buy a plane ticket, book a room at most hotels, or rent a car without one. And if all you could use were cash, you'd have a hard time shopping on the Internet. In fact, last year [2003] marked a milestone in business history: For the first time ever, Americans bought more stuff in stores--clothes, groceries, toys--with cards than with cash. In total, American consumers carry around one billion different pieces of plastic and use them to make nearly $2 trillion of transactions a year. That roughly calculates to 20% of the GDP." (FORTUNE) This article discusses the growth of the credit card industry.| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2005 Business Article 25 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2005.
Originally Published: Just One Word: Plastic, Feb. 23, 2004; pp. 125+.
"The credit card is like the telephone: It just is. You can't buy a plane ticket, book a room at most hotels, or rent a car without one. And if all you could use were cash, you'd have a hard time shopping on the Internet. In fact, last year [2003] marked a milestone in business history: For the first time ever, Americans bought more stuff in stores--clothes, groceries, toys--with cards than with cash. In total, American consumers carry around one billion different pieces of plastic and use them to make nearly $2 trillion of transactions a year. That roughly calculates to 20% of the GDP." (FORTUNE) This article discusses the growth of the credit card industry.
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