Read the following extract and answer the question that follows. Yes, SANParks can refuse to take your cash, says the Reserve Bank At the start of September, South African National Parks (SANParks) will stop accepting cash payments at the entrances, and inside, some of its parks, a policy to be implemented across every national park during 2023.
1.13 Read the following extract and answer the question that follows.
Yes, SANParks can refuse to take your cash, says the Reserve Bank
At the start of September, South African National Parks (SANParks) will stop accepting cash payments at the
entrances, and inside, some of its parks, a policy to be implemented across every national park during 2023.
And that is quite alright, says the SA Reserve Bank, as custodian of the rules intended to manage the currency.
SanParks announced its roadmap for going cash free – both for the convenience of visitors and for reasons of
safety – on Wednesday.
Source: https://www.businessinsider.co.za/sanparks-is-legally-allowed-to-refuse-cash-reserve-bank-says-2021-8
Accessed: 23/08/21
The impact of the above decisions by SANParks will have its impact on…
a) …the M1 measure of money.
b) …the M2 measure of money.
c) …the M3 measure of money.
d) …the number of notes and coins in circulation in the economy.
Step by step
Solved in 2 steps with 2 images
