Question

2: Analyse the any three important of cashless economy of class 7​

Answer 1

Answer:

Need and importance of cashless economy

Cashless transactions make it difficult to launder money for such nefarious activities. Circulation of Fake Currency notes can be curbed. A cashless economy will help reduce corruption. ... The cashless economy will reduce the production of paper currency and coins.

Answer 2

Answer:

Going cashless not only eases one's life but also helps authenticate and formalize the transactions that are done. This helps to curb corruption and the flow of black money which results in an increase of economic growth. The expenditure incurred in printing and transportation of currency notes is reduced.

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