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Even though the use of checks lower transaction costs when compared to the use of paper currency, it is unlikely that the use of paper or metallic currency will disappear entirely. Why?
Globalization
The method of connecting and merging between individuals, businesses, and governmental entities across the globe, frequently marked by international economic and cultural exchanges.
Connectivity
The state or quality of being connected or interconnected, especially in terms of communication or networking technology.
Closed Systems
Organizational or biological systems that are relatively isolated from the external environment and do not interact freely with it, making them self-contained.
Sick Leave Policies
Rules and regulations set by organizations regarding employee time off due to illness.
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