Why do people keep currency in their pockets when bank deposits pay interest?

Question

Quizplus · Accepted Answer

Currency is more easily accessible and exchangeable than bank deposits, making it a more liquid form of money. It is also useful for small transactions or emergencies where there may not be access to a bank.

Note: Options A, C, and D are not valid reasons as banks are highly regulated institutions with insurance protection, inflation affects all forms of money, and interest rates affect both currency and bank deposits.

Why Do People Keep Currency in Their Pockets When Bank