Every day, we buy things regardless of physical cash or electronically. Without money, you wouldn’t be able to live. When you go to work, you work to earn money; the money then turns into groceries, pay your bills, or even treat yourself to something nice. If you weren’t getting paid to work, no one would work. If no one worked, there would be no more; there wouldn’t even be a company. What is the role of cash in today’s society? Is it as important as it once was? This Question always interested me from a young because when I was younger, I thought candy was the most important thing until I got introduced to money, which allowed me to get more candy. I used to calculate how much money I needed to get my sunflower seeds, candy, drink, and a sandwich. Ipl was like in the 5th grade; this helped me learn math. I used to get twenty dollars around that time, and I used to think I would have forty if I had twenty dollars worth of candy. I never did it because I knew I needed the money for food besides candy. After doing my research, I expect to find how money is vital in day-to-day life, how it’s a backbone of our economy, and how the value of it increases. If my findings aren’t what I expected, I will continue reading and put them in my work because no topic is one-sided, and everyone has their own opinion. If it has points to prove it, then it’s good. If there weren’t more than two sides to an argument, everyone is the same and whipped. That’s like Debating over something important, and there is no one to disagree with you; how will the listeners know you aren’t correct if they don’t hear the other side?
Money, Pyshical Money, Electronic money, cash, etc
Khiaonarong, Tanai, and David Humphrey. “Falling Use of Cash and Demand for Retail Central Bank Digital Currency.” IMF, 4 Feb. 2022, www.imf.org/en/Publications/WP/Issues/2022/02/04/Falling-Use-of-Cash-and-Demand-for-Retail-Central-Bank-Digital-Currency-512766.
After reading my first Source, I learned that even during COVID, they wanted to stop accepting money, but they couldn’t because it was nineteen percent of all transactions. Some people like cash because it gives them a sense of privacy, or maybe they don’t have a bank account. Taking away Physical cash wouldn’t be good. If technology shuts down, we must return to cash because that’s the only way. You also pay more money using your card than cash because they charge you a fee.