Question

help me guys. I want minimum 5 question to ask to a digital consumer [i need both the merit and demerit concepts]​really need ur help.....need it today itself

Answer 1

Answer:

Advantages of Plastic Money :

Cash vs Plastic money; which one will you go for? If you are the one who always forgets your PIN number, cash is the best option for you. As saving the PIN in mobile is not a good idea. What if mobile gets lost? We need to think about all possibilities as it is our hard earned money. There are many advantages of carrying plastic money. The convenience, the quality of cards when compared to bank notes, difficulty to duplicate easily like notes etc are a few to name. You need to get a better idea of the advantages, isn't it? Let us learn in detail the advantages of using plastic money instead of cash.  

Cards fit into the wallet easily: It is essential that we need to have some sort of money in hand always as we never know when a need arises. But carrying a lot of cash in hand is not at all a wise idea. Also, who would want to carry a lot of cash in hand and make their wallet bulge out. In such situations, plastic money comes for help. Your wallet will remain perfect and your cash needs will also be sorted out. If required you can take cash using plastic cards. Also, it is safe when you have a card with you as even if it is lost, you can always call the bank and ask them to block it. This avoids misusing the card by any. But when it is cash, you are not left with that option and you will end up losing your money. Cards are waterproof hence you don't have to get panicked even if water spilled over your wallet. They are strong and durable.  

Crime rates will decrease: We are living in a world where thefts and crimes are on the increase. Keeping cash in hand is not a safe thing to do. It will not give you peaceful nights. So be practical and opt for plastic money. You do not have to worry when someone runs away with your wallet, as long as you only have plastic money in it. The guy needs, PIN number to use it hence he can't take the cash or swipe it. As soon as you know that you are pickpocketed, you can call the bank and ask them to block or cancel the card. If it was actual cash in its place, then it is easy for the thief. He can easily take the cash and throw the wallet somewhere. But with plastic money, his job has become a difficult one. He needs to know cracking techniques to find the PIN number to use the cards. Hence worries associated with theft will be less in case of plastic money. Another merit is that the fingerprints on a plastic card are more clear than that on bank notes.  

Disadavanatges of Plastic Money

Like everything, plastic money also has its own merits and demerits. We should wisely use it keeping all the below points in mind. If you are clever, you can make use of the cards but not everyone can be clever. So for those who are not well aware of the cards and its disadvantages should always be careful to avoid themselves being in trouble. Many people play with cards and might not end up paying a single penny as interest. Never follow them as not everyone is smart with cards and we might end up losing money.  

Just plastic money won't help always: Plastic money is not a complete replacement for cash. In certain places, we need cash itself. While buying fish from the market or when paying to the newspaper boy, we need cash itself as they do not carry POS machine to swipe the plastic money. Similarly, we pay money at religious places for offerings, there also they do not take plastic money. Unless we have the facility to use plastic money everywhere, we cannot replace cash completely. Still, there are small retail shops which do not take plastic money. In villages, hardly we find any shops that accept plastic money. It makes us necessary to carry some cash always for our safety.   Plastic Money is also not 100% safe: There is a certain amount of risk involved in transactions which involves plastic money as well. Especially when doing online shopping. We are exchanging the details relating to our card over the internet which is not always a safe place. Some websites are just set up to steal our financial information and loot money thereby. We should not fall in to such scams and hackers. One should be a smart online shopper in this world.