Money: Is It the New Digital Divide?

Money: Is It the New Digital Divide?

Assessment

Interactive Video

Business

University

Hard

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The video discusses the cash economy, highlighting the challenges faced by underbanked individuals who rely on cash despite having smartphones. It explores solutions for conducting cash transactions in a digital world, such as using point-of-sale terminals at retail locations. The video also addresses the market's reaction to these solutions and the adoption process, emphasizing the shift from in-person to electronic transactions.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the implications of the digital divide in relation to cash payments.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the statistic that 20% of rent payments in the United States are made with cash or money orders?

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