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Question
in recent years there has been an increase in support for moving the united states into a cashless society, meaning that consumers would only be able to use three of the four methods of payment as a medium of exchange for goods and services. what is the best argument against cashless societies?
cashless societies positively impact all consumers regardless of their access to financial resources
cashless societies only negatively affect the upper and middle classes who are appropriately banked
cashless societies place lower class, unbanked, and underbanked consumers at a disadvantage
cashless societies are put in place specifically to eliminate the need for checks and debit cards
Cash - less societies rely on banking and financial access. Lower - class, unbanked, and underbanked consumers may lack such access, putting them at a disadvantage.
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C. Cashless societies place lower class, unbanked, and underbanked consumers at a disadvantage