Social Sciences, asked by saiganesh5, 1 year ago

what is black money explain it

Answers

Answered by PrincessNumera
1
Black money is money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as such, are not taxed. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering.


Answered by David241204
0
black money is fake money. it is printed to copy money so that the person doesn't have to work for money. mostly it is printed by terrorists to buy weapons.
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