1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
FromTheMoon [43]
3 years ago
7

How do you think money and banks might evolve in the future?

Geography
1 answer:
tiny-mole [99]3 years ago
4 0
Developed economies are rapidly moving towards becoming cashless societies. In the UK, only 30 per cent of payments are now made using notes and coins, and that is expected to fall to 10 per cent by 2034. In Sweden, Europe’s most cashless society, notes and coins account for just 2 per cent of transactions by value. South Korea is planning to phase out cash completely in 2020. Paul Amery, founding editor of New Money Review, says: “Cash will have completely disappeared in five years’ time. It’s happening far more quickly than most people expected or central bankers feel comfortable with.” However, a cashless society won’t necessarily be a Utopia. Older people, those who are mistrustful of technology, those who live in remote areas with poor connectivity and those concerned about loss of privacy risk being marginalised. Even though they are more convenient and safer to use, and cheaper for the financial sector to operate, digital payment infrastructures are more vulnerable to cyberattacks and technological outages than cash. In terms of the psychology of money, there are fears cashless payments could cause consumer debt to spiral.
You might be interested in
Why is wind considered to be a clean and renewable energy source
KIM [24]
A renewable energy source is a natural resource on Earth that can be naturally replenished in a short period of time. Wind is considered clean and renewable because it will not produce harmful pollutants or emissions and won't harm our ecosystem!
8 0
3 years ago
Read 2 more answers
Like subsistence farmers, pastoral nomadic groups depend on
Bezzdna [24]
A) Correct
b) Incorrect
c) Incorrect
d) Correct, but not the best answer
3 0
3 years ago
Read 2 more answers
What plays a major part in determining the form of a valcano?
siniylev [52]
Magma composition <-- Silca plays a major part in determining the form of a volcano.

~Hope this helps!
3 0
3 years ago
Read 2 more answers
How does the availability of resources impact whether a tribe is sedentary or nomadic?
forsale [732]

Hey there! I'm happy to help!

Sedentary means you stay in one place and aren't very active. Nomadic means that you travel around a lot.

If there are a lot of available resources, the tribe will want to stay because having resources nearby will help them survive much easier. This would make them sedentary.

If there are scarce resources nearby, they will go away and look for more abundant resources, making them more nomadic.

Have a wonderful day! :D

5 0
3 years ago
Which of the following areas of the United States received the most overall precipitation in 2000?
MAVERICK [17]
D



hope that helped :)
5 0
3 years ago
Other questions:
  • When you travel up the moutians, you notice discomfert in your ears . Why does this happen
    13·1 answer
  • Eva peron was loved by her descamisados – a term meaning which of the following?
    7·2 answers
  • Which is the most accurate description of rapid urbanization in Mexico and Brazil?
    8·2 answers
  • How to survive the zombie apocalypse Global Studies Maps homework? I really need help
    9·1 answer
  • What causes New England (NE region) to experience four distinct seasons? low elevation continental location Earth’s tilt trade w
    7·1 answer
  • Identify four types of lava that form at hot spots and the characteristics of each type of lava.
    10·1 answer
  • Conclusion:
    9·1 answer
  • TO
    13·1 answer
  • Why are there temperature bands on Earth?
    12·1 answer
  • Which country have the more people??<br><br> #No talk under question... please
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!