Anonymous
Anonymous asked in Business & FinanceCredit · 1 month ago

Will taking out cash from financial system fix everything?

Mode of cash as payment?

Update:

tractability, stopping crime, fraud

Cash is still used as fuel in most crime.

4 Answers

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  • Shay
    Lv 7
    1 month ago

    Cash from what financial system - and to fix what.

    "Cash" doesn't really "fix" anything if you are borrowing the cash from one source to pay another source.  You still need to pay it back eventually.

    More details about what you are trying to do would result in better advice on how well it would work.  Your details are far to vague.  

    EDIT - so you are referring to a "no cash" society in which all transactions are done by cards or electronic transfers.  That would make illegal transactions more traceable but smart criminals would find ways around those issues.  A "no cash" society would create more problems for the common person without solving enough criminal issues to be worth it.  

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  • 1 month ago

    try it and see and then you'll know

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  • danxp2
    Lv 6
    1 month ago

    what problems do you think needs fixing?

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  • Judy
    Lv 7
    1 month ago

    uh, why would that fix ANYTHING?

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