Is Cash Going Extinct?

Is Cash Going Extinct?

Assessment

Interactive Video

Life Skills, Business, Social Studies

11th Grade - University

Hard

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The video explores the transition towards a cashless society, highlighting the benefits and challenges of cashless stores. It discusses the evolution of money from physical to digital forms and the efficiency gains of cashless transactions. However, it also addresses concerns about discrimination against unbanked and underbanked populations. Legal aspects are covered, explaining that businesses are not federally required to accept cash, though some cities and states have banned cashless stores. The video concludes by emphasizing the continued relevance of cash for privacy, reliability, and budgeting purposes.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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