Understanding E-Money Preferences and Concerns

The video discusses various payment options, focusing on the rise of e-money, which includes credit cards, debit cards, smart cards, and mobile payments. It highlights the convenience and benefits of e-money, such as not needing to carry cash and earning reward points. The video also explores the adoption of e-money in countries like Sweden and Denmark, where cash is being phased out. However, it addresses challenges such as the reluctance of some people, especially the elderly and those without smartphones, to adopt e-money. Concerns about security, internet dependency, and personal preference for cash are also discussed.

What are the two main types of payment options mentioned?

• Cash and barter

• Cash and e-money

• E-money and checks

• Credit cards and debit cards

Which of the following is NOT a form of e-money?

• Credit cards

• Debit cards

• Smart cards

• Paper checks

What is one of the main reasons people prefer using e-money?

• It is more convenient

• It is faster

• It is more secure

• It is more traditional

Which country has announced it will stop printing new bills?

• France

• Germany

• Denmark

• Sweden

What is a major concern for people who are hesitant to use e-money?

• Complexity of use

• High transaction fees

• Lack of trust in technology

• Limited availability

What might prevent someone from using e-money?

• No access to a credit card

• No access to a bank

• No access to a smartphone

• No access to the internet

What is required for e-money to function properly?

• A government-issued ID

• A large amount of cash

• A high-speed computer

• A stable internet connection

What is one benefit of using cash over e-money?

• It is more secure

• It is more convenient

• It is more traditional

• It is more modern

Why do some people prefer using cash?

• It is more modern

• It is faster

• They feel more comfortable and safe

• They can earn reward points

What does the preference for payment methods depend on?

• Personal comfort and safety

• Government regulations

• Availability of technology

• Economic status