However, private businesses are not required to accept currency as a form of payment and may develop their own policies in this respect, unless state law says otherwise. However, the government is required to accept currency in payment of taxes and for other public charges.
We need to remember that perverse incentives may lead to reckless behaviour or higher risk taking which may manifest itself over a period. The compensation practices, where employees were often rewarded for increasing short-term profit without adequate recognition of the risks and long-term consequences amplified excessive risk taking that severely threatened the global financial system in 2008. Concluding thoughts 22.