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Q.

What can we use in place of cash?


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a

Cheque

b

Debit card

c

Credit card

d

All of the above 

answer is D.

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Detailed Solution

We can use cheques, plastic cards such as debit and credit cards, and digital platforms to make payments without using cash. Cheques are paper instruments instructing the bank to pay a specific amount to the payee. We can transfer money through the use of a cheque. We can make online payments without the use of cash. We can also digitally use plastic cards such as debit and credit cards for payment. These are all convenient and safe methods for doing transactions. Here, people need not hold cash.
 
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