5 advantages and 5 disadvantages of plastic money
Answers
Answer:
ADVANTAGES:
Eliminates the need for carrying huge cash: This eliminates the need for carrying huge load of cash which is risky and inconvenient too.
Eliminates the need for carrying huge cash: This eliminates the need for carrying huge load of cash which is risky and inconvenient too.Risk of Loss or Theft minimized: In case of cash there is a high risk of losing cash and a chance of cash getting stolen. However, in case of debit/credit card you can report the matter to the bank and block the card to avoid misuse.
Eliminates the need for carrying huge cash: This eliminates the need for carrying huge load of cash which is risky and inconvenient too.Risk of Loss or Theft minimized: In case of cash there is a high risk of losing cash and a chance of cash getting stolen. However, in case of debit/credit card you can report the matter to the bank and block the card to avoid misuse.Anytime/Anywhere Access Using cards you have the unique advantage and convenience of using it anywhere in the country or even abroad.
Eliminates the need for carrying huge cash: This eliminates the need for carrying huge load of cash which is risky and inconvenient too.Risk of Loss or Theft minimized: In case of cash there is a high risk of losing cash and a chance of cash getting stolen. However, in case of debit/credit card you can report the matter to the bank and block the card to avoid misuse.Anytime/Anywhere Access Using cards you have the unique advantage and convenience of using it anywhere in the country or even abroad.Credit Facility: In case of credit card you have the option of buying on credit or paying later. Although the charges are high, it helps you in case of emergencies and contingencies.
Eliminates the need for carrying huge cash: This eliminates the need for carrying huge load of cash which is risky and inconvenient too.Risk of Loss or Theft minimized: In case of cash there is a high risk of losing cash and a chance of cash getting stolen. However, in case of debit/credit card you can report the matter to the bank and block the card to avoid misuse.Anytime/Anywhere Access Using cards you have the unique advantage and convenience of using it anywhere in the country or even abroad.Credit Facility: In case of credit card you have the option of buying on credit or paying later. Although the charges are high, it helps you in case of emergencies and contingencies.Online Payments: You can use cards for online payments, fund transfers and various other transactions.
DISADVANTAGES:
Cards/plastic money is not a complete replacement for cash
Cards/plastic money is not a complete replacement for cashUse of cards can also be risky in some cases
Non-Acceptance at Small Retail Outlets
Cannot be used for all daily needs
Loss & Misuse
Answer:
advantage
• it will lead to less cutting of trees
•they will not easily tear out
disadvantage
• it will lead to more plastic