Cashless Society
Across
- 3. A card that allows you to spend money directly from your bank account.
- 5. The action taken when one changes money from one currency to another.
- 7. One of the advantages of a cashless society is lower ____ rates, as criminals can't easily steal physical money.
- 9. When systems fail, merchants cannot take....
- 11. A device often used to pay electronically by swiping a card.
- 14. This term refers to a society where all financial transactions are conducted electronically without physical currency.
- 15. An amount of money taken out from your bank account.
- 16. The physical protection of bank branches from robbery.
- 18. The general term for money stored digitally rather than physically.
Down
- 1. A reduction in interest rates, often resulting in lower bank profits.
- 2. The term for electronic theft involving unauthorized access to someone's account.
- 4. The device or technology that tracks electronic transactions.
- 6. An error in an online payment that prevents the transaction from being completed.
- 8. An unforeseen problem in software or systems causing it to malfunction.
- 9. concerns arise in a cashless society due to the lack of anonymity.
- 10. A crime that involves making a copy of someone’s credit or debit card information.
- 12. A type of payment method that does not require physical currency
- 13. The loss of funds due to a system failure during a transaction.
- 14. The traditional form of money made from paper or coins.
- 17. An illegal act of taking money or goods by force, typically from a bank or shop.