Suggest any two new methods to reduse the usage of the paper currency during the pandemic situation which we face today
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Two methods to reduce the usage of paper currency are online banking or the use of cards.
Explanation:
- To reduce the chances of spread of the infection and the usage of paper currency during the pandemic situation, cash currency should not be frequently used for transacting.
- Instead, a person can use online payment methods such as UPI, wallet payments, bank transfers, NEFT, pay later schemes, etc.
- The usage of cash in transactions can also be reduced by promoting the usage of plastic currency. These cards are not only safe but also convenient.
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