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Spending for goods and services in 2013 by general purpose-type credit, debit, and prepaid cards issued in the United States reached $4.530 trillion. Market share
Spending for goods and services in 2013 by general purpose-type credit, debit, and prepaid cards issued in the United States reached $4.530 trillion. Market share is shown for credit, debit, and prepaid.
- Credit Purchase Volume $2.399 Tril.
- Debit Purchase Volume $1.949 Tril.
- Prepaid Purchase Volume $0.182 Tril.
The Boston Globe reported that "merchants in the United States spent $71.7 billion on fees (for these transactions) last year."
(A) What is the average merchant fee, as a percentage?
(B)Make sense of the $4.530 Trillion total: Think about it in units like dollars per person per day, dollars per transaction.
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