186,858 views
29 votes
29 votes
What was the importance of a cash economy?

User Mlimper
by
2.3k points

1 Answer

14 votes
14 votes

Answer:

Cash is the most liquid asset and can be used immediately to perform economic actions like buying, selling, or paying debt, and meeting immediate wants and needs. Bank can attract significant liquid funds to generate stronger profits, more stability, and more confidence among depositors, investors, and regulators.

Step-by-step explanation:

User Cnicutar
by
3.1k points