– why do we need physical dollars and coins? Wouldn’t it be cheaper for the system as a whole to have the dollar be an entirely digital currency and wouldn’t this be better on the environment?
In: Economics
A) It’s nice to be able to conduct commerce when no electricity is conveniently available.
B) Some people don’t like leaving a record of all their transactions. Everything done digitally is traceable, its all recorded. Cash transactions are not.
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