Economy, asked by nnetha8265, 1 year ago

Study of merits or demerits plastic money based on experiences of people need and importance pdf

Answers

Answered by Dhaneshgawade2000
8

Plastic money refers to credit cards, we use them whenever we want and pay later(with interest,of course). it makes it too easy for us to buy things. we normally could not afford, which makes it easier to get into debit.

A slang phrase for credit cards, especially when such cards used to make purchases. the "plastic" portion of this term refers to the plastic constructions of credit cards, as opposed to paper and metal currency. the "money" portion is an enormous reference to credit cards as a form of money, which they are not. although credit cards do facilitate transactions, because they are not money and not part of the economy's money supply.

Similar questions