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Yes. Cash is fungible, has no transaction costs and negligible transportation costs.
by gerad 10y ago
Yes. Cash is fungible, has no transaction costs and negligible transportation costs.
- OJFord 10y agoYes, that's a reasonable argument in its favour; I don't necessarily disagree. It's worth acknowledging though that not-cash has advantages (to a robber) in tax evasion/laundering. Not-cash is probably harder to steal, but I'd have thought it preferable. (To a robber.)