Question

Explain the merits and demerits of plastic money?

Answer 1

there are certain merit and demerit of plasticmoney card is the part of credit cards for the customer the third them convinence since plastic card are higher plastic cards and will allow you to carry them anywhere and transaction any this money long as he visiy atm or tranaction directly when purchasing

Answer 2

Merits:

Eliminate the need for carrying a lot of money with us.

Reduces the chance of theft and losing of money.

Demerits:

Cards may be get damaged.

We can't use cards all the time. For some specific needs we need cash. For example, when we go fish market, we can't give cards to them.

I hope this will help you

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