Cash on delivery 1992
In economics, cash is money in the physical form of currency, such as banknotes and coins. The English cash on delivery 1992 “cash” originally meant “money box”, and later came to have a secondary meaning “money”.
This secondary usage became the sole meaning in the 18th century. Coin types would compete for markets. Successful coin types of high nobility would be copied by lower nobility for seigniorage. Imitations were usually of a lower weight, undermining the popularity of the original. In the early part of the 17th century, English East India Company coins were minted in England and shipped to the East. At about this time coins were also being produced for the East India Company at the Madras mint.
The currency at the company’s Bombay and Bengal administrative regions was the rupee. At Madras, however, the company’s accounts were reckoned in pagodas, fractions, fanams, faluce and cash. Traditional holed Chinese coinage is also known as cash. Paper money was first used in China in the Tang Dynasty 500 years prior to it catching on in Europe. During his visit to China in the 13th century, Marco Polo was amazed to find that people traded paper money for goods rather than valuable coins made of silver or gold. The ability to create paper money made nation-states responsible for the management of inflation, through control of the money supply. It also made a direct relation between the metal of the coin and its denomination superfluous.
Cash has now become a very small part of the money supply. Its remaining role is to provide a form of currency storage and payment for those who do not wish to take part in other systems, and make small payments conveniently and promptly, though this latter role is being replaced more and more frequently by electronic payment systems. The transactions motive covers the business needs of economic subjects, the precautionary motive serves to hold money for liquidity purposes and to provide for crisis situations, and the speculation motive, according to John Maynard Keynes, results from the uncertainty about future interest rate developments and relates to financial investments. Paying a tip as immediate recognition of good service.
Cash in circulation is characterized by strong seasonal fluctuations. Wage and salary payment dates, tax payment dates or holidays lead to statistically perceptible increases in cash in circulation, for which the credit institutions are preparing. In countries like the United States, increased use of debit and credit cards is increasing the amount of cash in circulation at a slower rate than in countries with a high amount of cash payments. In 2018, it ranged from 1. Analyzes show that private households are increasingly keeping cash as a precaution against crises and that negative interest rates also play a role.
