What does the author mean by 'a fallback'?
As cash use declines, some argue that societies should embrace a fully digital economy: payments are faster, crime is easier to trace, and shops save the cost of handling coins. These benefits are real, but the case for abolishing cash is weaker than it appears. Cash is the one form of money that works without electricity, a bank account or a network connection. It is used by people with no accounts, by those who find technology hard, and by everyone during a power cut or a system failure. A society that gives up cash gives up a fallback, and the cost of that loss is borne chiefly by the least advantaged. The argument is not for cash everywhere, but for making sure that it remains possible to use it.
Answer and explanation
Correct answer: D. A means of payment that works when electronic systems fail
- Step 1: The passage says cash works without electricity, accounts or a network.
- Step 2: A fallback is what you use when other systems fail.
Answer
A means of payment that works when electronic systems fail.
Why not the others: A fallback is a way to pay when systems fail, not a late payment, a form of money for the rich, a way of tracing crime or a way of saving.
Practise more Society and money.
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