Money sock

Cash in its own administration, equal in content and scope to the term mattress money. The word “sock” means word-historically (etymologic) “pants”, so keep money in the pocket. The disadvantage of this way of storing money is, among other things, that the owner and his heirs no longer know where they had kept the money. At the beginning of 2012, DEM 13 billion was still in circulation, a considerable portion of which, according to the German Bundesbank, was in long-forgotten savings accounts. – Wait-and-see attitude, investment risk, attentism, contingent cash, money, dead, money stock, sectoral, money jeans, money trough, money utility, money hoard, idle money, liquidity preference, opportunity cost, preclusive term, thrift. – Cf. 2011 Annual Report of the Deutsche Bundesbank, p. 107 (DMCash in Circulation 2009-2011).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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