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Advantages of Mobile Financial Services for Small Businesses
A freelance artisan living in a rural area sells crafts to customers in a major city and buys raw materials from a supplier in a different town. Explain two specific features of a mobile phone-based financial service that would make it more advantageous for this artisan's business operations than relying solely on cash transactions or traditional bank transfers.
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Economics
Economy
Introduction to Macroeconomics Course
Ch.6 The financial sector: Debt, money, and financial markets - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
CORE Econ
Social Science
Empirical Science
Science
Analysis in Bloom's Taxonomy
Cognitive Psychology
Psychology
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A small-scale merchant lives in a remote village with no physical bank branches. The merchant needs to receive a payment from a customer in a distant city and also pay a supplier for new inventory on the same day. Which of the following describes the most significant advantage of using a mobile money platform in this situation?
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Advantages of Mobile Financial Services for Small Businesses