Question

Conclusion of merit and demerits of plastic money project

Answer 1

Merit:

- It remove the  burden of having cash in pocket.

- If you have the balance you can go for shopping  and can buy things with it without the cash in pocket.

- In case of emergency cards can be used to pay instead of money.

Demerits:

- cards may have extra hidden charges with it .

- In case of card lost you might be in problem

- These types of money encourage you to spend money more and can be heavy to your budget.