Question

What is 'Black Money' and How is it produced? long ​

Answer 1

Answer:

Money that people earn from selling illegal things.. is called black money.

Black money can be illegally disguised as legitimate money through money laundering.

Answer 2

Black money is usually earned on black markets on which income and other taxes were not paid.

Also, the unaccounted money that is concealed from the tax administrator is called black money.

So, it is not real money.

Higher amounts of black money in the economy often lead to increased corruption.

I don't know how it is produced, but there are many fradulant schemes who gets U.S dollars and make a fake money as black construction as an actual money!

Hope it helps

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