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U.S. Payments Overview

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The payment system, made up of the various methods available to settle debts and obligations, performs an important role in facilitating economic activity. Although the cost of operating the U.S. payment system is estimated at 3% of GDP, it generally receives little attention.

Suggested citation: "U.S. Payments Overview," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-07, pp. 15-17, 07.01.2000.

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