What are the various form of plastic money ? Explain.
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5 different types of Plastic Money
Types of Plastic Money.Credit Cards. Credit cards are the go to financial product for short-term personal loan. ...Charge Cards. Charge cards are very similar to credit cards. ...Debit Cards. Debit cards, in India, are the most used form of plastic money. ...Prepaid Cards. ...Store Cards.
Types of Plastic Money.Credit Cards. Credit cards are the go to financial product for short-term personal loan. ...Charge Cards. Charge cards are very similar to credit cards. ...Debit Cards. Debit cards, in India, are the most used form of plastic money. ...Prepaid Cards. ...Store Cards.
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Debit card, credit card, ATM card (cash card) etc. are the forms of plastic money. These cards are considered as money because money is any thing which is accepted as the medium of exchange and this card can be used to make any transactions. It is also considered as the substitute of standard money which is printed by the central bank of the country.
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