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 I was shocked at one of the blogwriters in another website as what CASH MONEY is used for. Let me tell you what CASH MONEY is known for.

CASH MONEY is like an OIL. It makes transaction easy and smooth. It is a legal tender and the most convenient way for buying and selling goods and services.

It makes people HONEST & TRUSTWORTHY if they use paper money in the transaction and trade. Mathematics is always involve in using money instead of cheques, debit cars, and credit cards.

Although, if you work in the banks, you would rather prefer that people use their debit cards because for every transaction you pay percentage of such money for bank clerks and bank staff to have jobs.

A country whose population of people doing buying and selling of goods and services using money in cash is a country with large amount of gold bar deposits and gold bar reserves. Otherwise, you can just use  plastic most of the time. For the nifty-thrifty Central Bank saving up lots of money for the printing of paper money and minting coins using plastic serve them well. Cheaper cost of production. However the value is always compromised.

IT'S ECONOMICS. You don't learn that in the street though.