Question

In this era of digitalization why do people prefer to use plastic money? Give reasons.​

Answer 1

Answer:

Explanation:

It can be safe, time saving and can be used when needed urgently. Plastic money refers to the hard plastic cards which are used instead of actual bank notes. For example, cash cards, debit cards, credit cards, pre-paid cards, and store cards. These cards can be used to buy things from the market When we say plastic money, it includes debit cards, ATM cards, credit cards, prepaid cards, smart cards and so on. The main advantage of plastic money is that it avoids the necessity to carry huge cash and is also difficult to mutilat

Answer 2

Answer:

• Examples of plastic money are credit cards, Debit cards and other money cards
• We can transact money more safely using plastic money
• no need to carry hard cash no worries about it getting stolen
• many businesses approach customers without the physical branches
• It is a familiar mode of transaction for day to day expenses
• one can get the best exchange rates with the use of plastic money
• Instant cash withdrawal from the nearest ATM's