Vol. 5, Issue 2, Part C (2019)

Abstract
Overall there is colossal enthusiasm among strategy creators, academicians and business undertakings to investigate the chance of moving towards a credit only economy. Nonetheless, money actually keeps on outstanding the transcendent type of exchange. In Europe, it represented 78% of Euro 388 billion retail installments in 2008, or almost Euro 301 billion exchanges. In 2008, the all out expense of circulating, overseeing, dealing with, preparing and reusing of money and that of tolerating money installments was Euro 84 billion or, 0.60% of Europe's GDP. Despite the fact that it is normal that there will be a huge increment in the utilization of credit only installments and an overall decrease in the quantity of money installments in Europe by 2014, money will even now remain the landmass' fundamental retail installment mode. These European figures are critical. Somewhere in the range of 2000 and 2008, such installments developed by 160% or at an exacerbated yearly development rate (CAGR) of 6.2%. In examination, for a similar period, retail credit only installments in the USA expanded at a CAGR of 4.5% to USD102 billion. Be that as it may, the degree to which economies have moved towards credit only relies vitally upon the requirement for it.