Question

Is the United States likely to become a "cashless society"? A. No, because the infrastructure for an e-payments system is expensive to build. B. No, because many people worry about protecting their privacy in an electronic system. C. Yes, because as the efficiency of the payments system increases, transactions costs will decrease—benefitting both the consumer and the economy. D. A and B only.

Name: is the united states likely to become a cashless society a no because the infrastructure for an e payments system is expensive to build b no because many people worry about protecting their 31279
Uploaded: 2022-08-26T18:22:33-08:00
Duration: 1 min 46 s
Channel: Manasvee Singh
Description: is the united states likely to become a cashless society a no because the infrastructure for an e payments system is expensive to build b no because many people worry about protecting their 31279

          Is the United States likely to become a "cashless society"?
A.
No, because the infrastructure for an e-payments system is expensive to build.
B.
No, because many people worry about protecting their privacy in an electronic system.
C.
Yes, because as the efficiency of the payments system increases, transactions costs will decrease—benefitting both the consumer and the economy.
D.
A and B only.

Added by Juana J.

Principles of Economics

Gregory Mankiw 8th Edition

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Is the United States likely to become a "cashless society"? A. No, because the infrastructure for an e-payments system is expensive to build. B. No, because many people worry about protecting their privacy in an electronic system. C. Yes, because as the efficiency of the payments system increases, transactions costs will decrease—benefitting both the consumer and the economy. D. A and B only.