Cashless Society Quiz

In early March 2019, Philadelphia became the first major U.S. city to...

• require stores to accept credit cards

• ban cashless stores

• change the face on the dollar bill

• lose the money that was deposited in a major bank

10 yrs ago, 6 in 10 transactions globally were done using cash. Today, the number is — in 10.

• 1

• 2

• 3

• 4

Why are some people concerned about a shift to a cashless society?

• Unbanked people would be denied access to the economy

• People spend more with cash vs. digital

• Digital transactions are harder to trace

• Cash transactions are more likely to be accurately recorded

What percent of 18-23 year olds prefer cash over a debit or credit card?

• 7%

• 18%

• 40%

• 60%

VISA recently offered $10,000 to restaurants that ____________.

• stop throwing out food and start donating it to the homeless

• stop accepting Mastercard and American Express cards

• stop offering "cash back" on purchases

• stopped accepting cash