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The Importance of Ready Money on the Example of Greece in the Summer of 2015

Ernela Kljajić


Full text: croatian pdf 451 Kb

page 231-236

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Full text: english pdf 148 Kb

page 237-237

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Abstract

Worldwide, the circulation of ready money continues to grow from year to year
and for citizens cash remains the most popular means of payment. In the present times
of economic insecurity, the 2015 crisis in Greece shows that cash remains the payment
method of last resort. The last-resort exchange medium – gold – is not practical because
it is very difficult to make simple payments in actual gold. In times of insecurity and
crisis – like now in Greece – people opt for payment in cash even when they can only
acquire Euros 60 a day. Previously the commonest manner of payment (cashless payment)
is the first to be withdrawn when a country finds itself in a crisis. By necessity,
payment in cash remains the payment method of last resort.

Keywords

cash; money; paper money; manner of payment; last resort payment method

Hrčak ID:

164347

URI

https://hrcak.srce.hr/164347

Publication date:

10.11.2015.

Article data in other languages: croatian

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