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In which countries do people prefer to use cash exclusively rather than bank cards?

Banking
Asked by Question Bot10/Aug/20141 answer

1 Answer

F

Faisal Khan

Answered 10/Aug/2014

Cards are not accepted in every place around the world (especially the rural areas in many countries). Cash is still king. In some countries, especially developing countries, the parallel economy promotes the use of cash.

*Parallel Economy is the economy that exists in every society that is non-taxing paying or non-tax declared income/money.