Question

Discuss Six factors that work against the disappearance of the paper system.​

Answer 1

Answer:

The first attempts to replace cash with something more convenient was the credit coin - a small metal disc used to tie receipts to a customer’s credit account in department stores and hotels. Their modern successor - the credit card - has been the most successful in dethroning the banknote. According to Visa, in 2012 card payments accounted for 32.8% of worldwide consumer spending, while cash accounted for 38.3% (cheques and other payment methods made up the remainder).

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