Answer to Question #251865 in Microeconomics for Ananya

Question #251865
Do we need cashless transactions?what are the modes of cashless transactions
1
Expert's answer
2021-10-18T09:04:35-0400

Cashless transaction are more secure compared to the ones involving cash. Moreover, the cashless transactions are faster compared to the ones involving cash. Therefore, we need cashless transactions.

Modes of cashless transactions include banking cards, mobile wallet apps, vouchers and QR codes.



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