According to an article on nbcnews.com, in Sweden, Shoe stores, clothing shops and restaurants are increasingly reliant
Question:
According to an article on nbcnews.com, in Sweden, “Shoe stores, clothing shops and restaurants are increasingly reliant on card-only or mobile banking transactions, and some—like the brand Swedish Hasbeens—don’t even have cash registers.”
a. What are the benefits to a store or restaurant refusing to accept cash as payment from customers? What are the costs?
b. How might a store go about measuring the costs and benefits in making a decision about whether to go cashless?
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a The benefits to the store would be the reduction in cost from ...View the full answer
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Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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