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Do they use corporal punishment to make money? (8)

Ross

I believe the answer is:

smackers

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'money?' is the definition.
(I've seen this before)

I can't explain the remainder of the clue.

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(Other definitions for smackers that I've seen before include "money" , "Parents enforcing discipline perhaps" , "People striking" , "big kisses" , "worth more than one pound" .)

I've seen this clue in The Irish Times.
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