produce a short paragraph on a "scene in bank" with the given clues, the guard out side ,the counter, people working at counter, crowd present in the bank, the manager
Answers
Explanation:
Where the crypto rubber meets the Road of Finance...
March 16, 2019
Financial exclusion and systemic vulnerability are the risks of cashlessness
"Access to Cash Review" confirms much that we have been warning of as UK walks into its future financial gridlock. From WolfStreet:
Transition to Cashless Society Could Lead to Financial Exclusion and System Vulnerability, Study Warns
by Don Quijones • Mar 14, 2019
“Serious risks of sleepwalking into a cashless society before we’re ready – not just to individuals, but to society.”
Ten years ago, six out of every ten transactions in the UK were done in cash. Now it’s just three in ten. And in fifteen years’ time, it could be as low as one in ten, reports the final edition of the Access to Cash Review. Commissioned as a response to the rapid decline in cash use in the UK and funded by LINK, the UK’s largest cash network, the review concludes that the UK is not nearly ready to go fully cashless, with an estimated 17% of the population – over 8 million adults – projected to struggle to cope if it did.
Although the amount of cash in circulation in the UK has surged in the last 10 years from £40 billion to £70 billion and British people as a whole continue to value it, with 97% of them still carrying cash on their person and another 85% keeping some cash at home, most current trends — in particular those of a technological and generational bent — are not in physical money’s favor:
Over the last 10 years, cash payments have dropped from 63% of all payments to 34%. UK Finance, the industry association for banks and payment providers, forecasts that cash will fall to 16% of payments by 2027.
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Curiously, several factors are identified which speak to current politics:
"ATMs — or cashpoint machines, as they’re termed locally — are disappearing at a rate of around 300 per month, leaving consumers in rural areas struggling to access cash."