Question

analyse the importance of cashless economy​

Answer 1

Answer:

Cashless transactions ease daily transportation and payment services, thereby reducing time and saving energy. ... Cashless payments also reduce errors, crimes and the cost of labour involved in processing the cash. This increases the number of jobs and contributes to the growth of the economy.

Explanation:

ʜᴏᴘᴇ ᴛʜɪs ᴀɴsᴡᴇʀ ʜᴇʟᴘs ʏᴏᴜ..

Answer 2

Answer:

Pros of Cashless Economy (Benefits & Advantages)

1) It reduces the circulation of liquid money. Therefore the expenditure on printing currency notes and minting of coins will get reduced to a substantial extent. 2) cashless economy results in transactions taking place with white money.