IN DEFENSE OF CASH. PARTA: What is the central idea of the text?

Students were asked over to answer a question at institution and to express what is most important for them to succeed. Of many comments, the one that that stood out was practice. People who are always successful do not become successful by being born. They work hard and commitment their lives to succeeding. If you would like to attain your goals, keep this in mind! down below are one of the answer and question example that you might possibly utilise to practice and develop your understanding and also give you insights that would guide you to preserve your study in school.

Question:

IN DEFENSE OF CASH. PARTA: What is the central idea of the text?O A Bringing back larger bills will cause more harm than good.
OB Online banking is a convenient and secure way to trade
goods,
OC Cashless societies are more vulnerable to disasters and to
cybercrime,
OD The U.S. will be the first country to become a completely
cashless society,

Answer:

We can see that the main idea of ​​the article is to show that manipulating and modifying larger bills can cause major economic problems in a region, causing more harm than good.

Therefore, we can consider option A to be the correct answer.

In “In defense of Cash” we can see that a decision taken by the Indian prime minister in 2016 to demonetize part of the national currency, with the aim of capturing criminals, created a major economic problem in the country.

This decision proposed the demonetization of the 500 rupees bills, which amounted to approximately 8 dollars.

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The prime minister gave a period of time so that people could exchange these bills, for the bills that were still in force, so that no one would lose money.

The idea was that criminals who had larger bills would have to declare the origin of that money and be arrested, as they would have to declare their crimes.

However the results of this decision were:

  • Currency devaluation.
  • Currency shortage.
  • Lack of payment to the working class.
  • Excess supply and lack of demand.
  • Decrease in consumer purchasing power.
  • Decrease in the production of products and services.
  • Closing of stores and factories.
  • Commercial disorganization.
  • Economic deficit.
  • High public debt.

With this, we can conclude that economic decisions must be taken with great care by the government. All elements and possible results must be considered before the decision is made, so that the possible benefits will be greater than the possible harms.

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They could actually hopefully help the student answer the question by using the questions and answer examples. You could then have a discussion with your classmate and continue the school learning by studying the question alongside one another.

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