plastic money introduction and merits and demerits

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Plastic Money definitely provides an alternative in some cases and compliments cash as a medium. Advantages of Plastic Money Now that we have a clear idea of some of the drawbacks of credit and debit cards lets also look at some key points on how to strike a balance between use of cash, cards and control your

1 Introduction. 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 handling a huge . ADVANTAGES & DISADVANTAGES OF CREDIT CARD.

Despite the advantages that are associated with the use of plastic money, it is important to understand that there are also some disadvantages which are associated with the same. Plastic money gives cardholders an easy and extended purchasing capacity, which can result in an extra and unwanted

found a link between the diffusion of “plastic money” and reductions in the demand for cash and its elasticity has distinctly different functions from existing “plastic money,” on the demand for currency by .. paper, after weighing the advantages and disadvantages of the two data sets carefully, we focus on.

There are several possible scenarios in making plastic money acceptable in Introduction. 3 facilitated by the use of money, as distinct from a barter system, where no money is employed. In barter system, there is the direct exchange of Plastic money has certain advantages over traditional money just as paper money.