Economy, asked by Sssbadsha6510, 9 months ago

Bibliography on plastic money

Answers

Answered by Anonymous

Money made of plastic or silicone is a modern and easier way to pay for goods and services.

Plastic money was introduced in the 1950s and is now an integral source of ready money which reduces the risk of a huge amount of cash being treated.
David Solomon is an Australian scientist designed the plastic banknotes with the Reserve Bank
Plastic money's main advantage is that it avoids the need to carry huge cash and is also hard to mutilate. Plastic money is an alternative to cash or the currency default.
Plastic money is the generic term for all types of bank cards, credit cards, debit cards, smart cards and so on.

Answered by skyfall63

Explanation:

In simple words, plastic money is any sort of card. It can be a credit card or debit card.
Plastic money which refers to credit or debit cards are a very integral part of our daily life these days.
Through these cards, a cash transaction can be made but without carrying the cash around.
It is extremely user-friendly as there is no fuss of carrying cash everywhere we go. Plus as we are not carrying cash the rate of crime-related in also reduced.
Cards can be used everywhere, inside the nation we live in or internationally. But everything comes with its pros and cons, and plastic money is no exception.
There are chances of the card being damaged and in this case, the person can be in huge problem. Other than that the transaction which is made is not entirely safe as we do have to share our details.
However, in short, these advances have been made to ease our lives and it is doing what it claims.