CASHLESS SOCIETY CLASS XII (VOCABULARY)

A term describing a system or society where financial transactions are conducted without the use of physical currency.

• Cashless

• Society

• Transactions

• Currency

A community or group of individuals living together and interacting, often sharing common interests or cultures.

• Cashless

• Society

• Transactions

The act of conducting business or exchanging goods and services, typically involving the transfer of money or information.

• Electronic

• Transactions

• Society

The system of money in general use within a particular country or economic context, which can include coins, paper money, and digital forms.

• Currency

• Electronic

• Debit

Relating to technology or devices that operate using electricity, especially in the context of communication and transactions.

• Process

• Services

• Electronic

A type of card that allows the holder to access funds directly from their bank account to make purchases.

• Debit

• Credit

• Transactions

A financial arrangement that allows individuals to borrow money or purchase goods and services with the promise to pay back later, often with interest.

• Debit

• Services

• Credit

Activities or benefits offered to consumers that are intangible and do not result in ownership of anything physical.

• Services

• Modern

• Process

Relating to the present time or recent developments, especially in technology and societal practices.

• Society

• Modern

• City

A series of actions or steps taken in order to achieve a particular end, often involving a systematic approach to tasks.

• Process

• Result

• Improvement