The benefits and drawbacks of a cashless society
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
The benefits and drawbacks of a cashless society
A cashless society refers to a society where all financial transactions are conducted electronically, without the use of physical cash. While there are some potential benefits to a cashless society, there are also several drawbacks to consider.
Benefits of a cashless society:
Convenience: One of the primary benefits of a cashless society is convenience. Electronic payment methods such as credit cards, mobile payments, and online payments are quick and easy to use, and can be completed from almost anywhere.
Security: Electronic payments are generally more secure than cash transactions. With electronic payments, there is no risk of theft or loss of physical cash, and transactions are often protected by multiple layers of security measures, such as encryption and two-factor authentication.
Transparency: A cashless society would make financial transactions more transparent, making it easier to track and monitor financial activity. This could help reduce fraud and corruption, and make it easier to identify and prevent financial crimes.
Drawbacks of a cashless society:
Exclusion: One of the biggest drawbacks of a cashless society is that it could exclude those who do not have access to electronic payment methods or who are not comfortable using them. This could include people who are elderly, low-income, or living in rural areas with limited internet access.
Privacy: Electronic payment methods can compromise privacy, as they create a digital record of every transaction. This data can be collected and analyzed by companies and governments, raising concerns about privacy and data security.
Dependence: A cashless society could also lead to a greater dependence on technology, which could be problematic if there are power outages, system failures, or other disruptions that prevent people from accessing their money.
Overall, while a cashless society could offer some benefits in terms of convenience and security, it also presents significant drawbacks in terms of exclusion, privacy, and dependence on technology. As such, any move towards a cashless society should be carefully considered and planned, with measures in place to address these concerns.
The benefits and drawbacks of a cashless society
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
You Can Also Place the Order at www.collegepaper.us/orders/ordernow or www.crucialessay.com/orders/ordernow