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O-LevelCommerceBanking7100/12 · May/June 2020 · Q331 Mark

Which statement describes a cashless society?

Aclosure of bank branches

Belectronic payments replacing notes and coins

Celimination of the cheque system

Dreduction in bank staff

✓ Correct answer

B: electronic payments replacing notes and coins

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2020 Paper 1 Variant 2, question 33.

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