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Topic 3 - Coggle Diagram
Topic 3
Topic 3.1
The advantages of using
cash for low value items are
that they are convenient for
the payer, instant and low
risk for the person paying.
Another reason why people
use cash is that it might help
with budgeting.
However, there is some
disadvantages of using cash
such as the payment might
not be face to face with the
seller which most likely
means you cannot use cash.
Another disadvantage might
be that it is a recurring
payment at the same time
every month such as utility
bills which would involve
seeing the landlord or at a
payment point point every
month and is not just
inconvenient but missing one
month of payment could have
serious consequences.
Also, sometimes paying by
cash is less convenient than
other methods and carrying
large amounts of cash can
be risky as it could be lost or
stolen. Lastly, some sellers
prefer other payment
methods.
In addition, some sellers may
find it suspicious paying for
large value items with cash
as they might believe it could be stolen