Difference between revisions of "Cash"
Jump to navigation
Jump to search
(Created page with "{{concept |wikipedia=https://en.wikipedia.org/wiki/Cash |image= |constitutes=money }} ==Banning cash== Various nation states have been restricting high denomination bankno...") |
|||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
{{concept | {{concept | ||
|wikipedia=https://en.wikipedia.org/wiki/Cash | |wikipedia=https://en.wikipedia.org/wiki/Cash | ||
| − | |image= | + | |image=cash.jpg |
|constitutes=money | |constitutes=money | ||
}} | }} | ||
| + | '''Cash''' is [[money]] in the form of banknotes and coins. It accounts for an ever decreasing proportion of the money supply, in the 21st century, it is typically only a few percent at most. | ||
==Banning cash== | ==Banning cash== | ||
| − | Various [[nation state]]s have been restricting high denomination banknotes, citing a desire to | + | [[image:Cashless_ddees.jpg|left|340px]] |
| + | Various [[nation state]]s have been restricting high denomination banknotes, citing a desire to restrict [[money laundering]] of "[[terrorism]]". For example, [[India]] and [[Venezuela]]. | ||
In December 2016, the ''[[New Zealand Herald]]'' reported that "Australia could scrap the $100 note".<ref>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11766817</ref> | In December 2016, the ''[[New Zealand Herald]]'' reported that "Australia could scrap the $100 note".<ref>http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11766817</ref> | ||
{{SMWDocs}} | {{SMWDocs}} | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
| − | |||
Latest revision as of 14:37, 20 January 2018
 Cash  (money)   | |
|---|---|
 | |
| Interest of | Kenneth Rogoff |
Cash is money in the form of banknotes and coins. It accounts for an ever decreasing proportion of the money supply, in the 21st century, it is typically only a few percent at most.
Banning cash
Various nation states have been restricting high denomination banknotes, citing a desire to restrict money laundering of "terrorism". For example, India and Venezuela. In December 2016, the New Zealand Herald reported that "Australia could scrap the $100 note".[1]
Many thanks to our Patrons who cover ~2/3 of our hosting bill. Please join them if you can.
