Question

introduction of merits and demerits of plastic money​

Answer 1

See the Answer Below Mate :-

#About Plastic Money :-

=>Plastic money is a term that is used predominantly in reference to the hard plastic cards we use every day in place of actual bank notes.

=>They can come in many different forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards.

#Merits Of Plastic Money :-

=>Cards fit into the wallet easily

=>Provides credit facility.

=>Crime rates will decrease.

=>Tracking transactions becomes easy

=>0% Installment options.

=>Convenience of making payments from home

=>Is internationally acceptable.

#Demerits Of Plastic Money :-

=>Just plastic money won't help always.

=>Plastic Money is also not 100% safe.

=>Minimum purchase requirements.

=>Service charge in certain cases

=>Card too can get damaged.

=>Interest, for non payment