What is Cash?

Cash is physical currency, typically banknotes and coins, that is used as a medium of exchange for goods, services, and debts. It is a tangible form of central bank money and provides immediate settlement without the need for intermediaries. Cash is widely used for small transactions, person-to-person payments, and situations where electronic payment methods are not available or preferred for privacy reasons. It offers anonymity, convenience, and is readily accepted in most economies.