Ch.1 Introduction Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. you have what is known DEFINITION:- The credit card can be defined as “A small plastic card that ADVANTAGES & DISADVANTAGES OF CREDIT CARD ADVANTAGES
How much currency can a country print at a time? Is China's currency undervalued? Is indian currency a commodity currency? Why is the Indian Rupee a non-convertible currency? Is Indian currency a fiat currency? What are the advantages and disadvantages for Panama's using the United States' currency as its own
Merits and Demerits of Plastic Money Based on Experiences of Peoples - Download as Word Doc (.doc .docx), PDF File (.pdf), Text File (.txt) or read online. by they are a liability rather than an asset, they are not money and not part of the economy's money supply. History of Credit Cards and Debit Cards In Plastic Money
Getting fake currency out of circulation: Demonetization can also be used to get fake currency out of circulation in a country's economy since such Several countries have switched from paper notes (which tore or got worn very quickly) to more durable plastic notes, which has made their monetary system
Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handlings a huge amount of cash. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money
Credit Cards in our debt and credit fueled economy have become almost as indispensable as cash money.It is impossible to think of days when Credit Cards did not exist.But Credit Cards are a recent phenomenon and their ubiquity is owing to the ease with which Banks give these Cards.The reason is that
Yes, it is Plastic Money in the form of debit or credit card that you carry in your wallet which gives you an easy access to your money. A credit card is a plastic card Having a look at the advantages and disadvantages of credit cards will certainly help you deciding whether to have a credit card at all? Advantages of a Credit
Financial institutions make it very expensive to use your credit card to get cash out or make other “cash equivalent” transactions (such as buying foreign currency or gambling). Using a credit card for a cash withdrawal will attract a cash advance fee worth around 3% of the total transaction amount. It also typically attracts an
Plastic Money definitely provides an alternative in some cases and compliments cash as a medium. With technology, a However, plastic money has its share of issues that one must be careful about. Plastic drawbacks. The disadvantages are just to make you aware of any risks, threats, etc so that you can use it carefully.
INTRODUCTION : Introduction to Plastic Money. Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handlings a huge amount of
Advantages and Disadvantages of Going Cashless Behavioural finance theorists say that people find parting with physical cash more difficult than plastic money. So in a way, The success of government's digitisation movement highly depends on its ability to put cash out of circulation in the economy.
Merits and Demerits of Plastic Money Based on Experiences of Peoples. Keywords: Internet Banking, Plastic money, Cash economy, payment mode and Lecturer, University Economy.com - plastic money - The UK Cards Association. undertake a study of the economic contribution to the U.K. made by the credit card .
Advantages & Disadvantages of Credit Cards Do They Help or Hurt You? By Amy Livingston Posted in: Credit Cards . 3. Overspending. Opponents of credit cards argue that even if you always pay your balance in full and never pay a fee, paying with plastic still costs you money. Simply by swiping your card, they say, you
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Easy access to money means that people spend, and this benefits the economy. Disadvantages: Credit cards encourage people to spend money they do not have. Debts can build up . As the merits mentioned above, it is obvious that credit card can actually benefit people's life on more than one aspect.
Rs. 10 plastic currency notes made of polymer would be printed in India. It benefits economy, environment. They have long life, more security, difficult to imitate.