Glossary

Cash/ Banknotes

Is a Negotiable Instrument in form of Banknotes which are produced by Central Banks, that can be used to exchange goods, debt or services. Cash is a physical representation of value which is most broadly accepted and simplest way of payment.

How does Cash work?

Cash comes into existence when Central Bank prints them out physically. The value of Cash is based on the economic power of the government and people’s faith in the government backing it.

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