The dramatic increased use of the Internet and other information technology has lead to more and more opportunities to eliminate the use of paper currency and use various forms of electronic money instead. However, the use of paper money still remains popular today.

prepare a 2 to 3 pages paper answering the following problems:

Do you think we will see a dramatic drop in the use of paper currency in favor of electronic money in the next five years? Yes or no.

Are you in the favor of using electronic money? Why?

Should the paper money be eliminated? Why? Why not?

Please describe your reasoning.

Please support your answer with references to the background materials, including material you came across in your own research.