Masters: Cash Is Not Dead

Masters: Cash Is Not Dead

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the shift towards cashless transactions, highlighting the decreasing use of cash and the potential for its elimination in the future. It compares the US with Scandinavian countries, noting the role of social safety nets in supporting cashless economies. The challenges faced by unbanked and underbanked populations in the US are emphasized, suggesting that until these issues are addressed, cash cannot be fully eradicated.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker mostly use for transactions?

Cash

Buttons

Credit card

Checks

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are mentioned as examples of moving towards a cashless society?

Asian countries

South American countries

African countries

Scandinavian countries

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key difference between the United States and Scandinavian countries regarding cash usage?

Population size

Technological advancement

Geographical location

Social safety net

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the cash-based economy need to continue in the United States?

Lack of digital infrastructure

High cost of digital transactions

Cultural preferences

Absence of a social safety net

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is necessary to eliminate cash from the system?

More ATMs

Increased digital literacy

Higher interest rates

Better financial access for the unbanked