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> if the condition persists even few days it becomes a major problem How much cash does a person keep handy? If the condition persists a few days, cash would a
by o-o- 8y ago
> if the condition persists even few days it becomes a major problem
How much cash does a person keep handy? If the condition persists a few days, cash would also become a major problem.
- NeedMoreTea 8y agoSuch as when the Irish banks went on strike for about 6 months in the 70s. Edit: It was a lockout not a strike. They survived using olde worlde approaches with no loss of GDP growth or retail sales. The retailers and local pubs operated as banks and managed the movement of IOU credits and cheques. Publicans, as it turned out, were a pretty good gauge of credit-worthiness and extent. Cheques ended up counter signed dozens of times as they were passed on person to person many times. Retailers would offer cheque cashing to keep money circulating. http://uk.businessinsider.com/pubs-replaced-banks-in-ireland-in-1970-and-the-economy-was-fine-2016-1 http://uk.businessinsider.com/pubs-replaced-banks-in-ireland... Now try that with an app. :)
- Gatsky 8y agoFascinating and an excellent point, thanks.
- Evidlo 8y agoAt least you can still pay and be payed. Sure you lose access to the bulk of your savings, but there can still be economy.
- timeseries2018 8y ago>> pay and be payed pay and be paid