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To: upchuck

Especially if you work for cash.


3 posted on 12/13/2016 8:15:28 PM PST by virgil (The evil that men do lives after them.)
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To: virgil

Well, when we say “cash”, do we mean paper money and coins, or does this word also mean funds in bank accounts???

When government officials talk about the money supply, the vast majority of the money supply consists of bank deposits, not currency or coins outside of a bank account.

I’ve talked to some people about how they spend money. And many have said that as time goes on, they use less and less paper money and coins. So many retailers accept debit and credit cards nowadays, that it’s just more convenient, I’m told, to use those cards, and not bother with paper money.

Years ago, many retailers did not accept debit cards and credit cards. Nowadays, even small donut shops, 7-11 type convenience stores, and fast food places, all take credit and debit cards. Years ago, most of thes types of places only took cash, so you needed cash to go there. Nowadays it’s possible to deal with many of life’s money transactions without the need to use currency or coins. And many are choosing to live their money lives that way.


7 posted on 12/13/2016 8:22:36 PM PST by Dilbert San Diego
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