Are You Ready for a Cashless Society?

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Questions and Answers

Match the following statements with their corresponding implications in the context of the cashless society:

Many payments are made using a card = Increasing use of digital money Cash is expensive = Costs associated with cash transactions Cash spreads disease = Health risks of using cash There's always a record of digital money = Security benefits of digital transactions

Match the following phrases with their meanings in the context of the cashless society:

Cashless society = A society where most transactions are digital Cash-machine fees = Charges for using ATM services Paper money is full of bacteria = Health risks associated with cash use Magic carpet it rides on from one host to another = Potential for cash to transmit diseases

Match the following figures with their corresponding facts:

$350 = Average annual cash-machine fees paid by a person in the U.S. One-dollar bills = Currency studied for bacteria presence Dr. Peter Ender = Conducted the study on bacteria on dollar bills

Match the following forms of payment with their corresponding descriptions:

<p>Cash = Physical form of money Card = Plastic form of money, often linked to a bank account Phones or watches = Digital forms of payment</p> Signup and view all the answers

Match the following advantages of a cashless society with their explanations:

<p>Less expensive = Avoidance of cash-machine fees Healthier = Reduced risk of disease transmission More secure = Digital transactions leave a record</p> Signup and view all the answers

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Study Notes

Understanding a Cashless Society

In a cashless society, statements are matched with implications to understand the consequences of a cashless economy.
Phrases are matched with meanings to comprehend the terminology used in a cashless society.
Figures are matched with facts to grasp the numerical aspects of a cashless society.
Forms of payment are matched with descriptions to recognize the various methods of transactions in a cashless society.
The advantages of a cashless society are matched with explanations to understand the benefits of a cashless economy.