Electronic currencies have become popular these days, so you can shop without cash. This is useful for this. But it’s wrong to have no cash in your wallet.
Well, even with the spread of electronic transactions, there are many situations where cash is needed. For example, a temporary deposit. It’s an unofficial transaction in which cash moves in a short period of time and then returns to its original state after a period of time. This transaction must be cash.
In other words, the temporary deposit is cash that is never recorded in the accounting system. To say it in a good way, be flexible. To put it badly, black money.
We can’t trust the financial data captured online as long as the flow of offline funds remains real. We can’t get the big picture of the economy without knowing how much money is flowing offline. That may be a big issue, especially regarding taxes.
To survive the next few months, you only need two assets, says this money manager - MarketWatch… “We offer a very simple, scalable strategy that involves the S&P 500 ETFs SPY, +1.19% and cash,” …
That’s all for today’s post. Thank you
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