Due to increasingly easy forms of credit, some businesses are no longer taking cash. What disadvantage does this create?

Question

Due to increasingly easy forms of credit, some businesses are no longer taking cash. What disadvantage does this create?

• 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.
• All businesses are legally required to take cash.

Answer 1

Due to increasingly easy forms of credit, some businesses are no longer taking cash. What disadvantage does this create?

• Excluding cash as a payment option may alienate customers who prefer or rely on cash transactions.