The Pros and Cons of a Cashless Society Quiz

What is a cashless society?

• A society where cash is only used for online transactions

• A society where cash is only used for international transactions

• A society where cash is not used for financial transactions

• A society where cash is used for all financial transactions

What is one of the benefits of a cashless society?

• Easier currency exchange while traveling internationally

• Increased privacy for financial transactions

• Reduced crime rates without tangible money to steal

• Higher cost associated with handling paper money

What is a disadvantage of a cashless society?

• Increased privacy for financial transactions

• No alternative source of money in case of technical issues

• Reduced exposure to hacking risks

• Less time and cost associated with handling paper money

What is one of the benefits of using credit and debit cards in a cashless society?

• Lower crime rates

• Reduced cost associated with handling paper money

• Increased privacy for financial transactions

• Easier currency exchange while traveling internationally

What is a disadvantage of digital transactions in a cashless society?

• Reduced exposure to hacking risks

• Increased privacy for financial transactions

• Less time and cost associated with handling paper money

• No alternative source of money in case of technical issues

What is one of the benefits of mobile payment services in a cashless society?

• Reduced cost associated with handling paper money

• Lower crime rates

• Increased privacy for financial transactions

• Easier currency exchange while traveling internationally

What is a disadvantage of virtual currencies in a cashless society?

• Reduced exposure to hacking risks

• Increased privacy for financial transactions

• No alternative source of money in case of technical issues

• Less time and cost associated with handling paper money

What is one of the benefits of using electronic payment apps in a cashless society?

• Increased privacy for financial transactions

• Reduced cost associated with handling paper money

• Lower crime rates

• Easier currency exchange while traveling internationally

What is a disadvantage of a cashless society related to economic inequality?

• Exacerbated economic inequality

• No alternative source of money in case of technical issues

• Increased privacy for financial transactions

• Reduced exposure to hacking risks

What is one of the benefits of a cashless society related to international payments?

• Easier currency exchange while traveling internationally

• Reduced cost associated with handling paper money

• Lower crime rates

• Increased privacy for financial transactions