Question
Economics Question on Economic and Financial Affairs
Identify the economic state whereby financial transactions are not connected with money in the form of physical bank notes or coins but rather through the transfer of digital information between the transacting parties :
A
Digitalisation
B
Demonetization
C
Cashless Society
D
Money Free Society
Answer
Cashless Society
Explanation
Solution
The correct option is (C) :Cashless Society.