Final answer:
One disadvantage of businesses no longer accepting cash is that those without American currency cannot buy goods. Additionally, businesses may incur fees on each transaction and there will be fewer bills in circulation.
Step-by-step explanation:
One disadvantage of businesses no longer accepting cash due to increasingly easy forms of credit is that those without American currency cannot buy goods. If a business only accepts credit or debit cards, individuals who do not possess these forms of payment, such as tourists or individuals from other countries, may be unable to make purchases. This limitation can potentially lead to a loss of customers and revenue for the business.
Furthermore, businesses that solely accept electronic forms of payment may incur fees on each transaction. Credit card companies or payment processors typically charge a percentage or a flat rate fee for processing each transaction, which can cut into the business's profits.
Lastly, by moving away from cash, there will be fewer bills in circulation. While this may seem like a minor disadvantage, it can have broader implications for the economy. Cash in circulation helps ensure the availability of physical currency and provides a backup for electronic payment systems in case of technological failures or cyber-attacks.