Asked by Shawntay Williams on Jun 12, 2024
Verified
The use of credit and debit cards is decreasing while the usage of cash and checks is increasing.
Credit And Debit Cards
Payment cards issued by financial institutions where credit cards allow for borrowed transactions and debit cards deduct funds directly from the user's account.
Usage Of Cash
Refers to how a business or individual allocates and spends money for various purposes, such as operating expenses, investments, or savings.
- Perceive the impact of credit on business activities.
Verified Answer
SF
Stephy FurretJun 15, 2024
Final Answer :
False
Explanation :
The use of credit and debit cards has been increasing over the years, largely due to the convenience, security, and the rise of online shopping, while the use of cash and checks has been generally declining as more consumers and businesses prefer digital transactions.
Learning Objectives
- Perceive the impact of credit on business activities.
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