Question

Objective on plastic money

Answer 1

Plastic money are the alternative to the cash or the standard‘Money'. •Plastic money is the generic term for all types of bank cards, credit cards, debit cards, smart cards, etc. DEFINITION The :plastic” portion of this term refers to the plastic construction of credit cards, as opposed to paper and metal of currency. The money portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions..