But cash can be kept at home or in a safe deposit box. All cashless society means there’s no benefit to that and the reserves on bank increase. Per person it’s a small amount but over all account holders and fractional reserves, it maybe be worth several billion dollars
But cash can be kept at home or in a safe deposit box. All cashless society means there’s no benefit to that and the reserves on bank increase. Per person it’s a small amount but over all account holders and fractional reserves, it maybe be worth several billion dollars