Debit cards and online banking has

Question

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Debit cards and online banking have facilitated electronic transactions, which has lowered the cost of banking transactions. As a result, people do not need to hold as much physical cash, leading to a reduction in the demand for money. This has also reduced the need for banks to hold and handle large amounts of cash, which has further lowered their operational costs. Overall, debit cards and online banking have contributed to the shift towards a more efficient and cashless economy.

Debit Cards and Online Banking Has