Debate: Should We Get Rid of Cash?

According to the text, what percentage of Americans said in 2022 that they used cash for none of their purchases in a typical week?

• 45%

• 24%

• 41%

• 29%

What is the total value of payments processed by Venmo in the third quarter of 2021?

• $22 billion

• $60 billion

• $40 billion

• $1.3 billion

According to the text, what percentage of 18-to 49-year-olds always try to have cash on hand?

• 71%

• 45%

• 55%

• 60%

What is the main reason for people avoiding handling cash out of health concerns?

• Affordability

• Security

• Safety

• Convenience

According to the text, what is the main benefit of using cash instead of credit or debit cards?

• Privacy

• Overspending control

• Convenience

• Security

What is the main concern about digital payment systems mentioned in the text?

• Identity theft

• Privacy invasion

• Financial burden

• Overspending

What is the main argument against getting rid of cash according to the text?

• Privacy invasion

• Financial burden on vulnerable people

• Convenience

• Overspending control

According to the text, what is the main advantage of digital payment systems over cash transactions?

• Privacy

• Convenience

• Security

• Affordability

What is the main reason for some people wanting to pay for things without a record of their personal information being created?

• Security

• Privacy

• Overspending control

• Convenience

According to the text, what is the main disadvantage of using prepaid debit cards for people without bank accounts?

• Overspending control

• Financial burden

• Privacy invasion

• Convenience