5 Questions
Which of the following is NOT an advantage of a cashless society?
Reduced risk of theft
What is a cashless society?
A society where all transactions are conducted electronically
Why is carrying cash considered a risk in terms of crime?
Cash can be stolen
What is one disadvantage of a cashless society?
Inconvenience
Why is it difficult to track money once it has been stolen?
There is no way to prove ownership of stolen money
Study Notes
Cashless Society
- A cashless society is an economy where financial transactions are done electronically, without the use of physical cash.
Risks of Carrying Cash
- Carrying cash is considered a risk in terms of crime because it makes individuals a potential target for theft and robbery.
Disadvantages of a Cashless Society
- One major disadvantage of a cashless society is that it can exclude people who do not have access to digital payment systems or those who are not tech-savvy.
Tracking Stolen Money
- It is difficult to track money once it has been stolen because physical cash leaves no digital trail, making it hard to trace and recover.
Discover the pros and cons of a cashless society in this thought-provoking quiz. Explore the potential benefits and drawbacks of a world without physical currency. Test your knowledge and see where you stand on the idea of a cashless future.
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