Question

Write one benefit of cashless transaction.

Answer 1

Answer:

Benefits of cashless transactions are as follows:

1.Saves Money and Time :Companies and governments will get efficient and they can reduce costs as they no longer need the manual accounting work to be done. The costs associated with accounting and handling cash is very high.

2.less cash decreased crimes

3.more spending helps improved economic growth.

4.production costs of coins and paper currency are reduced.

hope you get the answer you want