The conversation between human and AI assistant.
How does demonetization of the 500 and 1000 notes bring down the real estate price?
Can you explain how the move towards a more cashless future will help the economy?
Sure! When we rely less on cash, more transactions will be done electronically, leading to transparency and ease of record-keeping. This will help curb black money and tax evasion since digital transactions leave a comprehensive audit trail, making it easier to track illegal activities. Besides, electronic transactions reduce the cost of printing, transporting, securing cash, and the labor cost required for such duties.