Drop in using paper currency in favour of electronic money


1) Dramatic increased use of Internet and other information technology has lead to more and more opportunities to eradicate the use of paper currency and use different forms of electronic money instead. Though, the use of paper money still remains popular today.

Write a two to three pages paper answering given questions:

Do you think we will see dramatic drop in utilize of paper currency in favour of electronic money in the next 5 years? Yes or no.

i) Are you in the favour of using electronic money? Describe why?

ii) Should the paper money be eliminated? Describe why? Why not?

Describe your reasoning.

Support your answer with references to background materials, including material you came across in your own research.

Requirements
Min Pages: 2
Max Pages: 3

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Finance Basics: Drop in using paper currency in favour of electronic money
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