Question

Which of the following is not an example of plastic money ?

Answer 1

Correct Question-

Which of the following is not an example of plastic money?

(a)smart card (b)cheque (c)debit card (d)credit card

Answer-

(b) Cheque is not an example of plastic money.

• Plastic money is money related to advanced technology. It is easy to use in transactions as it involves technology. Debit cards, Credit cards, and Smart cards are some examples of plastic money.

• A cheque is a type of bank money. It can also be called credit money as it uses the credit system.
• There are a lot of frauds happening due to the use of plastic money, hence one should be safe and smart while opting for plastic money.

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Answer 2

Note: The correct question must be provided with the following options-

Which of the following is not an example of plastic money?

A) smart card

B) cheque 

C) debit card

D) credit card

1. Plastic money may refer to the use of plastic cards such as smart cards, debit/credit cards in the form of electronic transactions while keeping the customer's needs in mind when making large transactions so that they do not carry cash with them.
2. Debit cards, credit cards, Money access cards, client cards, key cards, and Cash cards are all examples of plastic money.
3. The purpose of using these cards is solely for the convenience of customers in making large transactions, as well as for their own safety.
4. Thus, we can conclude that a cheque is not an example of plastic money because it is made of paper.

Hence, option B is correct.

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