A bank might consider all of the following costs and benefits in making a decision as to whether to go? cashless, except:

A. The availability of technology to support cashless transactions.

B. The convenience of using cash.

C. Exposure to hackers and other electronic fraud schemes.

D. The willingness of stores and merchants to accept electronic payments.

Question

Serenity Velazquez

Business

1 April, 10:41

A bank might consider all of the following costs and benefits in making a decision as to whether to go? cashless, except:

A. The availability of technology to support cashless transactions.

B. The convenience of using cash.

C. Exposure to hackers and other electronic fraud schemes.

D. The willingness of stores and merchants to accept electronic payments.

+2

Answers (1)

Know the Answer?

Alexia Carrillo · Answer 1

D. The willingness of stores and merchants to accept electronic payments.

Explanation:

Benefits of Cashless transactions:

Lesser crime rate Less money laundering Time saving Easy currency exchange

Factors to be considered by banks for cashless transactions:

availability of technology convenience exposure to hackers exposure to electronic fraud schemes

Option D has nothing to do with banks for considering in making decisions regarding implementation of cashless transactions.