Economy, asked by vinitgrewal2009, 5 hours ago

cashless economy merits and demerits

Answers

Answered by samreenkhanum

2

Answer:

Merits:-

reduces risk and cost of carrying cash
ability to serve underbanked population.
eg:-mobile wallets.

Demirits:-

exports security frauds
cashless economy are more benificient for government.
eg:-visa,MasterCard.

Explanation:

Hope this helps you..☺️

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