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Hoarding cash would be bad since it would loose value due to inflation.
by rijoja 5y ago
Hoarding cash would be bad since it would loose value due to inflation.
- madsbuch 5y agoWhat? Evidently it looses more value being deposited in the account.
- rijoja 5y agoFirst of all having a negative interest rate is exceptional and this is not true for most of the banks in most of the world. Also there are of course more ways to use cash than to spend it, save it in banks or save it in cash. You could for instance hoard gold or invest in stock instead.