The Pros and Cons of a Cashless Society Quiz
Authored by Teacher John
Business
8th Grade
Used 1+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a cashless society?
A society where cash is only used for online transactions
A society where cash is only used for international transactions
A society where cash is not used for financial transactions
A society where cash is used for all financial transactions
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is one of the benefits of a cashless society?
Easier currency exchange while traveling internationally
Increased privacy for financial transactions
Reduced crime rates without tangible money to steal
Higher cost associated with handling paper money
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a disadvantage of a cashless society?
Increased privacy for financial transactions
No alternative source of money in case of technical issues
Reduced exposure to hacking risks
Less time and cost associated with handling paper money
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is one of the benefits of using credit and debit cards in a cashless society?
Lower crime rates
Reduced cost associated with handling paper money
Increased privacy for financial transactions
Easier currency exchange while traveling internationally
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a disadvantage of digital transactions in a cashless society?
Reduced exposure to hacking risks
Increased privacy for financial transactions
Less time and cost associated with handling paper money
No alternative source of money in case of technical issues
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is one of the benefits of mobile payment services in a cashless society?
Reduced cost associated with handling paper money
Lower crime rates
Increased privacy for financial transactions
Easier currency exchange while traveling internationally
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is a disadvantage of virtual currencies in a cashless society?
Reduced exposure to hacking risks
Increased privacy for financial transactions
No alternative source of money in case of technical issues
Less time and cost associated with handling paper money
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