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Question
due to increasingly easy forms of credit, some businesses are no longer taking cash. what disadvantage does this create? (1 point) all businesses are legally required to take cash. these businesses are paying fees on all transactions. those without american currency cannot buy goods. this means that there will be fewer bills in circulation.
Brief Explanations
- Analyze each option:
- Option 1: Not all businesses are legally required to take cash. There are exceptions.
- Option 2: When businesses don't take cash and rely on credit - card transactions (a form of the "increasingly easy forms of credit" mentioned), they have to pay transaction fees to the credit - card companies.
- Option 3: The problem is about businesses not taking cash, not about the currency being American. Also, people can use other forms of payment (like credit) if cash is not accepted.
- Option 4: The fact that some businesses don't take cash has a very limited impact on the overall circulation of bills compared to the fee - paying issue for businesses.
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These businesses are paying fees on all transactions.