The digital payment framework eliminates the requirement of physical
infrastructure, paperwork, and manual handling. This reduces the cost of
transactions for business enterprises and financial institutions. Also,
digital transactions usually include a lower cost of transfer as compared to
traditional banking methods. Discuss with your family and friends about
digital payment methods they are using and prepare a frequancy
distribution table for the data.
(a) Which payment methods were used by you and your family members to
pay for online or offline expenditures in past four weeks.
(b) Represent the collected data through a histogram.
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