Asked by Marisol Trejo on Jun 06, 2024
Verified
The trend today is toward consumers carrying more cash and using credit and debit cards less frequently.
Credit And Debit Cards
are financial tools used for electronic transactions; credit cards allow borrowing against a line of credit, while debit cards withdraw funds directly from a bank account.
Carrying More Cash
The practice of holding a greater amount of liquid assets or physical currency on hand than usual, often for transactional purposes or as a precaution.
- Acquire insight into how credit influences business operations.
Verified Answer
JH
Janasa Hardy-HardinJun 07, 2024
Final Answer :
False
Explanation :
The trend is actually towards a decrease in cash usage and an increase in the use of credit and debit cards, along with digital and mobile payment methods, as consumers seek convenience and contactless payment options.
Learning Objectives
- Acquire insight into how credit influences business operations.
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