Be aware of hidden cost of fees in processing cash transactions

We take the existence of cash for granted. We are used to being paid in cash, buying things with cash, storing our cash in banks or investing cash in the stock market. 

Without cash, it would be necessary to engage in barter — a trading of goods and services. There is no doubt that such a system of trade is less efficient.  It would require more time on everyone’s part to assign a value to what they have and try to match it up with someone who needs that particular product or service. For this…