Fiat Money – The Future of Payments in Canada

Will Fiat Money (legal tender) become obsolete in the digital age? Future of Payments offers the Cost Benefit Analysis of Fiat Money and it’s impact on Canadians.

Sources
Bank of Canada. “Phasing Out The Penny.” 10 Dec. 2012.
http://www.budget.gc.ca/2012/themes/theme2-eng.html

Merwan, Engineer. “A Short Stylized History of the Evolution of Money, Banking, Monetary Standards and the Payment Systems.” Univeristy of Victoria.
http://web.uvic.ca/~menginee/econ305_files/slides/Evolution%20of%20Money.pdf

“No time for change: half of us believe cash will become extinct.” Technology and Business Journal. 16 Aug. 2011.
http://www.lexisnexis.com.ezproxy.library.uvic.ca/hottopics/lnacademic/?verb=sr&csi=338035&sr=HLEAD(No+time+for+change)+and+date+is+August+16%2C+2011