No this is not a topic about saving money, or the differences of small banks and their larger competitors. I'm stating the facts: Banks should think small!
How often do you go to the ATM and you get fairly large bills; or you go into a local branch and you get high denomination bills in your withdrawal? Statistics have shown that we are less likely to spend these bills because of the "whole" value of the bill. So, if you have a $100 dollar bill, then that's, "HEY!" A hundred bucks. When we carry these notes in our wallets, we kind of have the urge not to spend, which technically isn't bad for some people these trying times who are penny-pinching and trying to save. Look at it this way, in order to have a booming economy, we need our citizens to have some form of purchasing power, right? Well, if ATM's dispensed smaller bills, and banks issued out smaller notes, people would be more prone to spend what they have on your beautiful, cool, and/or delicious products.
So, what's on your agenda for today? "Promote your local bank to issue out smaller bills." Then, maybe we can all feel fine about spending a little here and there, at least it wasn't a whole hundred.
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