Study of merit and demerit of plastic money pdf worksheet

Plastic money its technical and monetary importance educba. Project report an analysis of the use of plastic money in. With a debit card fees us from carrying a lot of cash or a cheque book. Plastic money or polymer money, made out of plastic, is a new and more natural way of paying for goods and services. There is a lot of risk in carrying a large amount of cash in your wallet.

Youll be tested on increases and decreases in the money supply and their effects. Plastic money has provided us with the ease of conducting transactions in our. Like conventional money, plastic money can function as a medium of exchange, a unit of account and a store of value. A study on the importance and popularity of plastic money in aluva bindu p. It was in the 1950s the concept of plastic money came into being. Plastic money was introduced in the 1950s and is now an essential form of immediate payment, which reduces the risk of handlings a huge amount of cash. Plastic money gives us an easy and extended purchasing capacity which results in an extra and unwanted buying. Merits and demerits of plastic money based on experiences of peoples free download as word doc. The banking sector is in a transactional mode towards a vibrant global market and sophisticated information technology. 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. A study on the importance and popularity of plastic money. If you would like, print this study aid for future reference. Plastic money had fascinated me from a long time and i was curious to go into the details.

Theres a lot of history behind money that we dont think about. What are the advantages and disadvantages of plastic money. Count the coins and match their value to the amounts shown. The term plastic money refers to the hard plastic cards which are used instead of actual bank notes. Study of merits and demerit of plastic money based on. Yes, the advantages of plastic money over cash has made it a best friend of many. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Credit cards provide you with security and protection in comparison to cash. Learn all about the history of money, from the original u. There are many advantages of plastic money attached to it. Pdf the significance of plastic money to the hospitality. Plastic money also keeps track of the transactions as they are incurred along.

Whether intentionally fed to the dog or not, there is always a small percentage of worksheets that have to get redistributed because a student cant find the worksheet. Plastic money free download as powerpoint presentation. Similarly for travel he could book tickets online, while for food he had to rely on cash. Use custom search function to get better results from our thousands of pages use for compulsory search eg.

As for credit cards, they will give you money as and when required and if you lose it or if it is stolen you can always save yourself from further loss by blocking your card immediately. Mint in philadelphia to the first dollar bill to america the beautiful quarters, with. Fdic money smart money matters study aid for adults. In this quiz and worksheet, youll be asked to answer questions about how money developed over time. Most of us use plastic money today, but it is necessary that we clearly. There are several advantages of plastic money as seen in the above. Technology here means use of plastic money, plastic money can be your debit or credit card. Subhani in 2011 conducted a study on plastic moneycredit cards charisma for. This quiz will mainly ask you to complete sentences with the correct answer. It is meant to the used in place of coins and banknotes for the purpose of making electronic payments of small amount fsa, 2001. Monthly income and expense worksheet money smart cbi. For example, cash cards, debit cards, credit cards, prepaid cards, and store cards. Plastic money aka polymer money is made out of plastic and has formed an important part of our daily life these days.