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A cashless economy is an economy without cash, it uses digital money instead, transactions are made by digital devices such as mobile phones.
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What are the features of cashless economy?
Cashless economy means state of economy in which all transactions are done through non cash medium. For example - Bank transfer, Cheque, card and net banking. Purpose of removing cash in an economy is to check tax evasion. Currently Singapore and Sweden are leading countries which have achieved cashless transaction of upto 60%.
What are the features of money in a cash and cashless economy?
it is the way u counted and check your balance sheet every day
What are the Effects of information communication technology in a cashless economy?
A simple explanation of ICT is to think of it as how Computers affect storage, transmission, reception and interpretation of information from one location to the other, and basically a cashless economy is an environment in which money is spent without being physically carried from one person or the other. The first issue is the issue of an electronic purse. This is an electronic information transmitted to a device which reveals the information about how much a person has stored in the bank, and how much he can spend. Essentially, the information is accessed through a storage medium (smartcard) which contains a unique electronic blueprint that is associated with the individual, and can therefore be delegated to identify him whenever it is presented. As transactions are carried out, the amounts spent are also electronically transmitted back to the bank, so that the balances are adjusted. This takes the forms of spending and depositing funds in the bank. The availability of ICT means that less of human interventions is required to identify, access and transmit the value of a person's bank balance, as well as to update it. ICT means that other technologies can converge to make cashless transactions possible. Online shopping, for example is possible in which neither the buyer or seller need to see each other to even transact business.
What is the possessive of economy?
The possessive of economy is economy's.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What are the features of cashless economy?
Cashless economy means state of economy in which all transactions are done through non cash medium. For example - Bank transfer, Cheque, card and net banking. Purpose of removing cash in an economy is to check tax evasion. Currently Singapore and Sweden are leading countries which have achieved cashless transaction of upto 60%.
What are the features of money in a cash and cashless economy?
it is the way u counted and check your balance sheet every day
What are the advantages of cashless economy?
Cashless and contactless payments can be a great thing especially now a days. It is a quick way to make payments, tip and save time. Through cashless tipping apps, one can take care of tipping properly. WeAreTipJar . com offers the best cashless tipping platform for businesses such as restaurants, retail stores, bars, hotels, etc. in UK. Sign up for employees tip jar now. wearetipja r. com / business/how-it-works/
What is meant by the definition of cashless?
The definition of the term cashless is a person not having cash or physical money. A person who is cashless relies on monetary transactions that use electronic means.
What is cashless society?
Cashless society is having no money and ordering everything via the Internet :D
Why should I use a cashless stock option?
Cashless stock options are offered by many companies. You should check with your tax professional to find out if you should use a cashless stock option.
CONCEPT OF CASHLESS POLICY INTRODUCED BY THE CBN IN NIGERIA?
Yes, the concept of cashless policy was introduced in NIGERIA.
What is the name for cashless traders?
It is called bartering
What are Cashless Stock Options?
Cashless stock options from your employer are an incentive for you to work harder. They are "giving" you stock in their company, which in turn makes you work harder to make more money.
What are the release dates for Dr- Phil - 2002 Controlling Cashless and Headed to Court?
Dr- Phil - 2002 Controlling Cashless and Headed to Court was released on: USA: 20 January 2012
Will a Cashless Society ever become a reality?
I do not know if you actually mean "cashless" or "casteless" however, I'll address both. A cashless society is virtually impossible since coin (or gold/silver) has become the traditional currency of commerce and trade. Cash, real or virtual, will continue to be the foundation of the global economic system.
The main reason for the the creation of the institution of sharecropping was to?
to provide "cashless" landowners with a source of farm labor -Blissful
