need and important of plastic money
Answers
Money- One of the most important factor for living life. How did all start, in history you might have learnt batter system where goods were traded for goods, then came an era where gold and silver coins came into being, then we modernized we stared using paper notes and coins for trading of goods and services. We got more modern and for a number of reasons we stated using technology to transfer money for our goods and services. Now you can say that technology here means use of plastic money, plastic money can be your debit or credit card; technology can also mean wire transfer of funds from one account to another and the use of internet for your various banking transactions.
Yes plastic money is use of technology for transferring money into another bank account for your goods and services. Have we realized why is government getting so specific about using technology for transferring money from one account to another? These transfers need not be just within the same bank or the same persons bank account, it can be a third party transfer into either the same bank or any other bank, in the same city or to another city, even transfer of money to another county is possible using technology.
Technology has taken over the globe and it dominates as it is used in almost all types of businesses, companies and industries. No industry on this planet now can survive without technology these days. Reason is extremely clear, with growing modernization and businesses it is important to simplify the everything by maintain records, use various methods to track business, compare yourself with your competitors, etc. everything, almost everything can be made possible with the use of technology.
right answer of plastic money
