VABuckeye Ohio State Fan Oak Hill, VA Member since Dec 2007 16453 posts Online
re: Are businesses required to keep a certain amount of cash in the register?Posted by VABuckeye on 1/18/13 at 5:41 pm to Lou
quote: I am almost certain that the answer is no. In fact, I don't think businesses are even obligated to accept cash as payment. IE, if they want to accept credit card only, that's their prerogative. (Just my opinion though, I could be wrong)
You are correct. I've been in a few out of the way places that wouldn't accept credit cards. Usually dive restaurants with sometimes great food and plenty of cold beer.
Poodlebrain LSU Fan Way Right of Rex Member since Jan 2004 19836 posts Online
re: Are businesses required to keep a certain amount of cash in the register?Posted by Poodlebrain on 1/18/13 at 10:01 pm to Rohan2Reed
The only businesses I'm aware of that have minimum cash on hand requirements are casinos (the amount of coins they keep is ridiculous). Casinos are expected to be able to redeem every chip and token they have. First someone has to beat the casino for several million, and then they have to want their winnings in cash. If you assume that a $100 bill weighs one gram, then $100,000 weighs 1kg, and $1 million weighs 10kg. Several million in cash gets pretty heavy. Most people would rather have a check from the casino when they win big.