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Food Purchases Made With Checks
Washington AP reports the Food Marketing Institute finds it costs stores about 26 cents to accept a check and 5 cents for bad checks. The FMI surveyed 2,484 stores with 1976 sales of 12 billion dollars. It notes potential cost shifts with electronic payment systems but argues labor costs may rise or stay similar.
MENTIONED IN THIS ARTICLE
Washington
Food Marketing Institute
Food Chains’ Trade Association
Timothy M. Hammonds
FMI