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O-LevelCommerceBanking7100/12 · May/June 2018 · Q311 Mark

What effect will the move towards a cashless society have on the buying of products?

AMore people will use their smartphones for all kinds of transactions.
BRisks of identity theft from businesses will be reduced.
CThere will be an increase in the use of cheques to pay for products.
DThere will be no notes and coins used when buying products.

✓ Correct answer

A: More people will use their smartphones for all kinds of transactions.

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About this question

Topic
Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2018 Paper 1 Variant 2, question 31.

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