Asked by Marisol Trejo on Jun 06, 2024

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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.
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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.