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
Fractional reserve banking means that they do this with cash too
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