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1. www.marketplace.org › 2023/04/21 › what-would-happenWhat would happen if paper money became obsolete?

   www.marketplace.org › 2023/04/21 › what-would-happen

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   Apr 21, 2023 · Those who are unbanked are shut out of the digital or mobile economy, Maurer said, noting that we live in a country with high levels of inequality. “If paper money goes away, those people are ...

2. themoneyknowhow.com › will-paper-money-disappearWill Paper Money Disappear? A Look at the Future of Cash in ...

   themoneyknowhow.com › will-paper-money-disappear

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   May 6, 2024 · May 6, 2024 by Bella Mertz. As technology advances and our reliance on digital solutions grows, many wonder if paper money will eventually become obsolete. While the use of cash has been declining in recent years, experts believe that it will likely remain a part of our financial landscape for the foreseeable future. The Declining Use of Cash.

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     The History of Paper Money - Origins of Exchange - Extra History - Part 1

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     The History of Paper Money - The Gold Standard - Extra History - Part 6

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     The History of Paper Money - Lay Down the Law - Extra History - Part 4

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4. www.cbc.ca › news › politicsBudget says some paper currency will no longer be legal tender

   www.cbc.ca › news › politics

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   Feb 28, 2018 · The Liberal government announced Tuesday — in an item buried deep in its 367-page 2018 budget document — that some paper currency will no longer be accepted as legal tender. While the Bank of ...

5. www.supermoney.com › encyclopedia › paper-moneyPaper Money: Evolution, Significance, and Future Trends

   www.supermoney.com › encyclopedia › paper-money

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   Mar 25, 2024 · Paper money is the official currency circulated by a country for transactions. Its history, role in the global economy, and the impact of digital currency on its use make it an intriguing subject of discussion. Discover the evolution of paper money, its significance in modern economies, and the role of fiat currency in global trade and finance.

6. www.npr.org › 2019/02/18 › 695755973The Pros And Cons Of Moving Toward A Cashless Society

   www.npr.org › 2019/02/18 › 695755973

   Feb 18, 2019 · NPR's Mary Louise Kelly speaks with economist Kenneth Rogoff about what would happen if the U.S. were to get rid of a lot of its paper currency, particularly larger bills, as he advocates.

   • Author: February

   • Publish Year: 2019

7. www.newyorker.com › 08 › 05The Invention of Money - The New Yorker

   www.newyorker.com › 08 › 05

   Jul 29, 2019 · Paper money, backed by the authority of the state, was an astonishing innovation, one that reshaped the world. ... and it is tempting to wonder what would have happened if he had lent his services ...

8. People also ask

   What happened to paper money?

   • Paper money was now “fiat” currency, underpinned by the authority of the bank and nothing else. At its peak, the company was priced at twice the entire productive capacity of France. As Buchan points out, that is the highest valuation any company has ever achieved anywhere in the world. It ended in disaster.

   The Invention of Money - The New Yorker

   www.newyorker.com/magazine/2019/08/05/the-invention-of-money

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   What if paper money goes away?

   • Those who are unbanked are shut out of the digital or mobile economy, Maurer said, noting that we live in a country with high levels of inequality. “If paper money goes away, those people are stuck with no way to pay,” Maurer said.

   What would happen if paper money became obsolete?

   www.marketplace.org/2023/04/21/what-would-happen-if-paper-money-became-obsolete/

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   How did paper money change the world?

   • Paper money, backed by the authority of the state, was an astonishing innovation, one that reshaped the world. That’s hard to remember: we grow used to the ways we pay our bills and are paid for our work, to the dance of numbers in our bank balances and credit-card statements.

   The Invention of Money - The New Yorker

   www.newyorker.com/magazine/2019/08/05/the-invention-of-money

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   Why do people keep paper money?

   • Even the world’s most cashless societies, including Sweden and the Netherlands, have recommended people keep paper money in case of emergencies, he added. Weather-related disasters, like hurricanes, have caused power outages that prevent people from using ATMs or making electronic transactions.

   What would happen if paper money became obsolete?

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   Is paper money on its way to obsolescence?

   • Digital apps like Venmo and Apple Pay along with digital assets like cryptocurrency have gained steam over the past decade (although crypto had a highly publicized implosion last year). As people move toward more electronic or digital forms of payment, it might seem like paper money is on its way toward obsolescence.

   What would happen if paper money became obsolete?

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   Is paper money safe?

   • Paper money also isn’t subject to cybersecurity risks or potential privacy violations, he added. “When I hand you a $20 bill, there is no data captured by anybody from that transaction…it’s a relatively anonymous private thing, whereas all digital forms of payment generate data trails,” Maurer said.

   What would happen if paper money became obsolete?

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9. www.bankofcanadamuseum.ca › 2021 › 02Money: Past, present and future - Bank of Canada Museum

   www.bankofcanadamuseum.ca › 2021 › 02

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   Feb 11, 2021 · The earliest examples of fiat currency that resemble the money we use today began over 2,500 years ago. Humans began using metal coins as money around 600 B.C.E. in Lydia (now Turkey), and the first paper money was issued in China around 700 C.E. to make large transactions possible.