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Cash Test

The ICES test addresses four important properties of money transfer:

1. Interoperability. It is the ability to move back and forth between different systems.

2. Conservation. How well money holds its value over time (temporal consistency) and how easy money is to store and access (temporal durability).

3. Economy. Processing a transaction should be inexpensive and affordable. This property has a direct relationship to the size of the transaction.
For example, A Rs 10,000 purchase costing only Rs 90 to process is quite economical. If the charge is the same for a Rs 5 item, it may be considered expensive. In banking, for example, wiring money from one bank to another usually costs a fixed amount of money, regardless of the amount of money transferred.

4. Scalability. This test refers to the ability of the system to handle multiple users at the same time.

Cash has all the ICES properties except conservation. Cheques and credit cards as electronic methods of payment do not. A cheque transaction is not isolated, because anyone can write a cheque and proceed to withdraw the money from the bank. Well before the cheque is cleared, the cheque writer can also put a stop on the payment of the cheque. Cheques are money-transfer atomic, although there is usually a 1 to 3-day delay in clearing the cheque for final payment.The ICES test addresses four important properties of money transfer:

1. Interoperability. It is the ability to move back and forth between different systems.

2. Conservation. How well money holds its value over time (temporal consistency) and how easy money is to store and access (temporal durability).

3. Economy. Processing a transaction should be inexpensive and affordable. This property has a direct relationship to the size of the transaction.
For example, A Rs 10,000 purchase costing only Rs 90 to process is quite economical. If the charge is the same for a Rs 5 item, it may be considered expensive. In banking, for example, wiring money from one bank to another usually costs a fixed amount of money, regardless of the amount of money transferred.

4. Scalability. This test refers to the ability of the system to handle multiple users at the same time.

Cash has all the ICES properties except conservation. Cheques and credit cards as electronic methods of payment do not. A cheque transaction is not isolated, because anyone can write a cheque and proceed to withdraw the money from the bank. Well before the cheque is cleared, the cheque writer can also put a stop on the payment of the cheque. Cheques are money-transfer atomic, although there is usually a 1 to 3-day delay in clearing the cheque for final payment.The ICES test addresses four important properties of money transfer:

1. Interoperability. It is the ability to move back and forth between different systems.

2. Conservation. How well money holds its value over time (temporal consistency) and how easy money is to store and access (temporal durability).

3. Economy. Processing a transaction should be inexpensive and affordable. This property has a direct relationship to the size of the transaction.
For example, A Rs 10,000 purchase costing only Rs 90 to process is quite economical. If the charge is the same for a Rs 5 item, it may be considered expensive. In banking, for example, wiring money from one bank to another usually costs a fixed amount of money, regardless of the amount of money transferred.

4. Scalability. This test refers to the ability of the system to handle multiple users at the same time.

Cash has all the ICES properties except conservation. Cheques and credit cards as electronic methods of payment do not. A cheque transaction is not isolated, because anyone can write a cheque and proceed to withdraw the money from the bank. Well before the cheque is cleared, the cheque writer can also put a stop on the payment of the cheque. Cheques are money-transfer atomic, although there is usually a 1 to 3-day delay in clearing the cheque for final payment.


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