Question

Read The Atlantic article, "The Owl Thieves of Sweden."

Answer the following questions:

1 Explain what has caused Swedish criminals to take on "more outlandish crimes." Use examples. (1 paragraph)

2 What are some benefits of an economy going cashless? (1 paragraph)

Do you think it's practical for a country to go completely cashless? What do you think are some of the benefits of still using cash? (Consider the transactions that may require cash.) Answer these questions in a short paragraph

Answer 1

1) sweden was on its way to become the world's first cashless economy.Notes and coins accounted for only 2 percent of all transactions.Since there was no scope for robbing money, criminal turned into more outlandish crimes like - street crime,smash and grab raids on consumer valuables and smuggling native species.They decided to go for softer targets.

2) A cashless economy has many benefits. Tax evasion won't take place.Tplace.There will be no a parallel or black economy as the black economy can't exist without cash.By limiting cash transactions , the country will be able get back some of its money and will be able to stop it from being used for illegal purposes.

3) Going cashless won't be practical for every country.lf there are People who don't have access to internet or the required mobile devices, they will suffer the most due to such a There are high chances of digital deception. Eradication of cash completely from the economy could also constitute a national risk or emergency for the country if it faces a crisis or war.using cash has its own benefits.For example, it is easier to use ( digital literacy is not needed), we don't have to be worried about internet hackers and most importantly ,we will have an urge tocontrol our spending as we can see physical cash leave our hands.