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HW Chap 08
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Dora and Vicky are bartenders. Dora prefers her tips in cash because she can have the money right away. Credit card tips don't get paid to the bar staff until the payments are processed, which can take a few days. Vicky still prefers for her customers to put her tip on their credit cards. Why is this likely Vicky's preference according to the cashless effect?
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Cash tips are often dirty and may even smell of alcohol.
Customers are likely to spend more on tips when using their credit cards rather than cash.
Vicky is more likely to save her earnings if it takes a few days before she receives her pay.
Credit card tips are a more accepted form of payment in the stores where Vicky shops.
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