/ Household Finances and Consumers 4 / 5

Cashless Payments

In this lesson, you will learn about the especially important topic of “cashless payments” among household finances and consumers. Rather than memorizing only the term, aim to be able to explain the system and the reasons behind it in your own words.

Key Point
Because payments become less visible, regularly compare your transaction history with your account balance.
Important Points
  • Check not only the conclusion but also the reasons behind it
  • Distinguish it from similar terms and exceptions
  • Try applying the same way of thinking to other examples

Practice

  1. Explain the key point in two sentences.
  2. Give one common misunderstanding and explain what is different about it.
  3. Check it by applying it to a familiar or specific example.

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