Which of the following is NOT one of the reasons that the Japanese tend to keep large amounts of cash?
A)Banks have invested heavily in credit card technology.
B)Japan has a low crime rate.
C)Interest rates in Japan have been below 1% since the 1990s.
D)Japan's retail sector is dominated by mom-and-pop stores that don't accept credit cards.

Question

Quizplus · Accepted Answer

Option A states that banks have invested heavily in credit card technology, which would provide the Japanese with easy access to electronic payment options. This is a reason that contradicts the idea that Japanese people tend to keep large amounts of cash. The remaining options (B, C, and D) provide plausible reasons for Japanese people keeping cash, such as the low crime rate (B), low-interest rates (C), and prevalence of mom-and-pop stores that don't accept credit cards (D).

Which of the Following Is NOT One of the Reasons