plastic money Essay THE HISTORY OF MONEY A The yen, the dollar, the quetzal, or the pesono matter what the currency is called, money is an important part of life in nearly every culture today and has been throughout history. The concept of money dates back thousands of years.
Importance of plastic money for the economy - Plastic Money has revolutionised the economy. The term 'plastic money' refers to the use of technology to facilitate digital transactions that can be conveniently carried out without having to visit the banks every time. Plastic Money has a host of advantages.
Plastic money refers to the hard plastic cards which are used instead of actual bank notes. For example, cash cards, debit cards, credit cards, pre-paid cards, and store cards. These cards can be used to buy things from the market.
Plastic money is a term that is used predominantly in reference to the hard plastic cards we use everyday in place of actual bank notes. They can come in many different forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards.
What Are The Advantages And Disadvantages Of Plastic Money And Paper Money? Currency. Advantages of Paper Money: The printing of paper money is easy to print with low cost and saving the What Is The Importance Of Capital Market And Money Market? Economics. Basically capital markets are the stock markets and the bond markets.
Plastic. Plastic is material consisting of any of a wide range of synthetic or semi-synthetic organic compounds that are malleable and so can be molded into solid objects. Plasticity is the general property of all materials which can deform irreversibly without breaking but, in the class of moldable polymers,
plastic-money definition: Noun uncountable 1. Credit cards and debit cards as an alternative to cash. Definitions. plastic-money. Noun uncountable Credit cards and debit cards as an alternative to cash. English Wiktionary. Available under CC-BY-SA license. Link/Cite
The Seven Advantages of plastic money called as the Credit Card. 4175 Views 422 votes, average: 4.2 out of 5 What do you think about this article? If you don't have enough money in your account to cover the purchase, the bank will most likely cover the excess essentially acting as a creditor. But they'll charge a hefty insufficient
The interrogative is normal for many questions. It contains a verb phrase that is followed by a subject. There are two main types of question: those that can be answered yes or no, and those that hav
The Importance of Plastics in our Lives. There was a time when anything made of plastic was considered to be of inferior quality, but those days are past. You are probably wearing plastic right now maybe a polyester /cotton mix garment or even spectacles or a watch with plastic components.
The Seven Advantages of plastic money called as the Credit Card. When lenders want proof of your gold-hearted ways, they consult your credit history for a black-and-white snapshot of your ability to: 1 be deemed creditworthy by other lenders, and 2 pay your bills on time and avoid spending benders.
A Study on the Importance and Popularity of Plastic Money in Aluva Bindu P. K. Assisstant Professor on contract, St.Xaviers College For Women, Aluva,kerala Abstract: The banking sector is in a transactional mode towards a vibrant global market and sophisticated
Importance of plastic in daily life Plastic belongs to the category of polymers that consist of large number of molecules joined together. It can be imparted different shapes and sizes according to the requirements and specifications.
Debit cards. Debit card is the real, real plastic money; similarly credit card is plastic credit that you receive from a financial institution for various reasons in exchange of interest that you own the institution for utilizing their money. Debit cards can be used for shopping, paying for fuel, grocery, withding money from
Money supply. M0 is base money, or the amount of money actually issued by the central bank of a country. It is measured as currency plus deposits of banks and other institutions at the central bank. M0 is also the only money that can satisfy the reserve requirements of commercial banks .
Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handlings a huge amount of cash.
Plastic money also means that a country actually has to have less paper money in circulation at any given time. In a place like Italy or Greece, where cash payment is a way of defrauding the government because there is no paper trail for cash, cards provide that paper trail.
Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash. It includes credit cards, debits cards, ATMs, smart cards, etc. This assignment on plastic money is divided into two portions titled Concept and Experiences.
While the barter system was brought to an end by currency notes, generation next created plastic money to further reduce the hassle. Plastic money with denomination value of 10 and 50 denars will enter into circulation by the end of this year, announced from the National Bank of the Republic of Macedonia.
There are many benefits of cashless economy. Less Cash management -: Since plastic money lowers the cash handling hence it automatically lowers the wear and tear of cash which in turn is a boon to the economy as the government spends in making of that note.
plastic money is for folks who THINK they can afford LOADS of DEBT , it IS only to impress the next person in the queue behind them at stores .
The popularity of plastic money can be gauged from the percentage of population using the plastic money, the number of cards per person issued in India and the frequency of using the cards. The average number of cards per person issued in India in 2009 were 2.78. Only 5.16% population in India using the plastic money.
Finely I can say that plastic money has an importance in present scenario and most of the people want to keep money in plastic form.
plastic money. Generic term for all types of bank cards, credit cards, debit cards, smart cards, etc. You Also Might Like One of the easiest and most convenient ways for a small business to raise money is to use a business credit card. You can get one based on your personal credit score, a factor that makes these cards popular with startups.
Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential formof ready money which reduces the risk of handling a huge amount of cash.
Advantages of Plastic Money. There are several advantages of plastic money as seen in the above illustration. The advantages include. Eliminates the need for carrying huge cash: This eliminates the need for carrying huge load of cash which is risky and inconvenient too.
Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handling a huge amount of cash.
Importance Of Plastic Money essay on Plastic Money Plastic Money is the term used to indicate Credit cards and Debit cards Before the advent of Credit cards and Debit cards a major portion of the business transactions were carried on through cash.
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