Money one of the most important factor for living life. Scribd download com transforming your mind, author. Plastic money is referring to the credit cards or the debit cards that we use to make purchases. The whole procedure of obtaining the plastic money needs to be authentic. Easy access to money in the situation of instantaneous want for money, one can withdraw debit the demanded cash amount from the account and. Apr 08, 2020 plastic money latest breaking news, pictures, videos, and special reports from the economic times. Credit cards bring in easy cash at your disposal even when your wallet runs out of cash. One of the more disruptive changes to plastic money came with the adoption of chip and pin technology.
Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. It is meant to the used in place of coins and banknotes for the purpose of making electronic payments of small amount fsa, 2001. Even if he forgets to carry cash he can use his debit card to withdraw funds whether required. What are the demerits and advantages of using plastic. Like conventional money, plastic money can function as a medium of exchange, a unit of account and a store of value. Plastic money refers to the credit cards or the debit cards that is used to make. Love, money, sex, integrity, generosity, pride and death are all here. Plastic money better than paper money free download as powerpoint presentation. Plastic money is referring to the credit cards or the debit cards that we use to. Finance the importance of plastic money in todays scenario. A study on the importance and popularity of plastic money in aluva doi.
Plastic granules, international journal of civil engineering and technology, 9 12, 2018, pp. The seven advantages of plastic money called as the credit. Money gets around almost anywhere we could imagine and it collects all sorts of stuff like germs, dirt, grime, or stain in the process. Anonymity electronic money market in europe the future of electronic moneypredictions the forms of money will continue to evolve, as scientists and engineers continue to advance the. It is economical, since it substitutes a less expensive material than metal for money and conserves the metal for the arts. Both abhishek menon and prithvi chatterjee have written answer to your question quite correctly. A study on the importance and popularity of plastic money in. Credits cards cost much more than other forms of credit, such as a line of credit or a personal loan, in case you are unable to pay them on time. What are the benefits of using plastic money cashless. The issuer of the card creates a revolving account and grants a line of credit to the consumer or the user from which the user can borrow money for payment to a merchant or as a cash advance to the user. Project report on plastic money in india free download as word doc. Scribd is one of the biggest online digital libraries in the world. But at times you might prefer to download docs for later or.
Easy to handle it prevents to carry out heavy wallets, hence, reducing the chances of theft. Nov, 2014 both abhishek menon and prithvi chatterjee have written answer to your question quite correctly. Scribd is considered to be one of the best place of resource containing valuable documents and files covering almost all fields. I need 34 pages on plastic money a current necessity. The emphasis has been laid on the adoption, usage, value attributes, bottlenecks. Found a link between the diffusion of plastic money and reductions in the demand. Pdf problems and prospects of plastic money in bangladesh. But if we observe the present day problems we find that money also played an important role in creating and promoting these problems. Disadvantages of plastic money free download as word doc. Copy of 43888714 plastic money full project debit card. This system has become a standard with credit and debit cards, and is preferred to the magnetic stripe. Despite the lending industrys lessthancentered ways, credit cards can be a tool for. These books contain exercises and tutorials to improve your practical skills, at all levels.
Plastic money is helpful in different situations in life and people are getting more and more aware of its merits and demerits but in the research. Advantages and disadvantages of using cash to make payments advantages. It was the fact that thirty years ago, if you had a credit card and many people didnt you probably had only one, but now days the use of plastic money has become so common that according to the stats today, the typical american adult has four or five cards and uses them in one out of every four transactions. How did all start, in history you might have learnt batter system where goods were traded for goods, then came an era where gold and silver coins came into being, then we modernized we stared using paper notes and coins for trading of goods and services. The advantages of the issue of government paper money are. Download our plastic money merits and demerits project ebooks for free and learn more about plastic money merits and demerits project. Yes, it is plastic money in the form of debit or credit card that you carry in your wallet which gives you an easy access to your money. There are several advantages of plastic money as seen in the above illustration. Advertisements should be given through tvs, magazines and hoarding to have maximum reach because the respondents perceive these as important promotional tools. Plastic money vs paper money by dovidas kulesevicius on prezi. Contd the unnecessary formalities should be reduced in order to obtain the plastic money. Cash cards credit cards debit cards prepaid cash cards in. Companyissued charge cards can be found as far back as the early 1900s. In the beginning iron, copper, tin, bronze, nickel, lead, gold, silver etc were used.
It allows user to view documents online with the need of any account. Unbacked money has always collapsed within forty years. Learn from money experts like ramit sethi and zerohedge. Hence cards were introduced in the world to resolve the issue of carrying huge cash. Why plastic money could be your new best friend incentives by the modi government. It is often called the youtube for documents and consist all. Jan 07, 2015 if you want to download unlimited books free of cost then learn here how to download from scribd without paying and enjoy reading. After indias government took 86% of currency out of circulation a couple of months ago, its main policy thinktank has a new plan for the country. One of the main disadvantages is charging infrastructure. Will this change be for good or bad only the future will decide. Plastic money full project free download as word doc.
Plastic money was introduced in the 1950 and is now an essential form of ready money which reduces the risk of handling a huge amount of cash. However, plastic money has its share of issues that one must be careful about. Merits and demerits of plastic money pdf download 24 jul ch. Merits demerits plastic money based experience people jobs. Project report on plastic money in india debit card. The emphasis has been laid on the adoption, usage, value attributes, bottlenecks and factors influencing plastic money adoption. Plastic money is much more convenient to carry around, as you do not have. In this article we will be seeing how to download pdf documents from scribd without having an account, paying or uploading documents. Like at a peak degree of business activity the demand of money increases and the monetary authorities can quickly issue paper money to fulfill the demand of money. This was largely due to lack of plastic money facilities among rural service providers, lack of adequate knowledge on importance of plastic money, low income levels and lack of confidence in the overall financial system. Published date 05102009 language documents in english format. Study of merits and demerit of plastic money based on. Zimbabwe had no access to plastic money facilities and therefore transacted mainly using cash and mobile money.
Plastic money its technical and monetary importance educba. Volume8 issue5 international journal of innovative technology. The following are the common disadvantages of the credit card. The importance of plastic money in todays scenario. 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. 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. This existed during the town economy stage or during the premachine age. Conclusion of merits and demerits of plastic money. Introduction of plastic money free download as word doc. Perception of card users towards plastic money this chapter analyses the perception of card holders towards plastic money in india. If the money is backed by something of value it is ok. Conclusion of merits and demerits of plastic money 1500542 plastic money is the special term used for the hard cards in banks instead of normal paper money. Aprenda com especialistas em dinheiro como zerohedge e benjamin graham.
Chip and pin technology makes cards much more secure and personal information is very hard to steal because of the encrypted chip. From tyra banks to ev williams, from shark tank investors to the ceo of home depot, these billionaires make it clear that money and success are natural byproducts of passion and effort. It is often called the youtube for documents and consist all kinds of books that were ever written. This growing trend will soon rise up to the point where the plastic money will completely replace the need for carrying cash. 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. Copy of 43888714 plastic money full project free download as word doc. Introduction introduction to plastic money plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Way to obtain money could be increased or decreased in accordance with the needs of the economy. If you want to download unlimited books free of cost then learn here how to download from scribd without paying and enjoy reading. Merits and demerits of plastic money based on experiences of peoples free download as word doc. Ielts essay 1205 plastic money replacements are extremely. Rate it using the stars above and let us know what you think in the comments below.
Disadvantages of plastic money debit card gift card scribd. Now coming to your concern how dependent should should be people in india. Chargit chargit was the first actual bank card and was issued in 1946. They can come in many different forms such as cash cards credit cards debit cards prepaid cash cards instore cards 3. Introduction the development of information technology and emerging a number of new innovations are taking place in the area of retail payments known as electronic money allaham, 2009 or plastic money. Plastic money definitely provides an alternative in some cases and compliments cash as a medium.
Jul 06, 20 if the money is backed by something of value it is ok. A study on the importance and popularity of plastic money. Scribd download com transforming your mind by marius andrei. Peter, a young mba graduate joins a large software firm as a business development executive. Charge cards laid the groundwork for debit and credit cards. A credit card is a plastic card same as a debit card with a magnetic strip issued by a bank or equivalent authority or a financial company with an option by which you can borrow funds at the point of sale. Banking has evolved a long way from the days of the medieval moneylenders counting coins on the bench to the present scenario, where it is hard to trace the trail of money from the beginning to the end. With the drawbacks of commodity money and with economic advancement of the people, metals came to be used as money. But governments have always reneged on the deal and slipped the people counterfeit money. Scribd exclusive james altucher interviewed some of the most successful people in the world and distilled their secrets into this highly readable book. Plastic money plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Conclusion study merits demerits plastic money jobs.
With a history of plastic money, you cannot ignore charge cards. Give reasons for your answer and include any relevant examples from your own knowledge or. The money as medium of exchange played an important role by having put to an end the demerits of barter system. Plastic money full project debit card credit card scribd. Introduction of plastic money credit card debit card scribd. This eliminates the need for carrying huge load of cash which is risky and inconvenient too. Paper money vs plastic money banknote credit card scribd. Plastic money also keeps track of the transactions as they are incurred along.
They were concerned about an increase in counterfeiting with the release of colour photocopiers that year. Underlying evilsthough it may look all trendy and flashy to own plastic money especially credit cards, you may be surprised to know, owning it is extremely harmful and risky as well. The usage of plastic money card has increased in the mode of payment of huge amount and hence broth there are lots of different types of plastic money that can be used anywhere in the world. Merits and demerits of plastic money based on experiences. Fuel accounts for a very small portion of credit card purchases as these are largely paid through debit cards. These cards mainly just kept customers loyal to the company.
Read money books like i will teach you to be rich, second edition and ttmygh 20161211 get it got it good s for free with a free 30day trial. Download pdf from scribd for free without uploading. The answers provided by cason kim appear to hit the most immediate benefits so i wont repeat them here. The usa is now in its 42nd year since nixon abolished gold backing, and is in the fifth year of a slow noisy collapse. Plastic cards can easily fit into the wallets without making the wallets bulge out as it is the case when carrying a huge amount of cash. The seven advantages of plastic money called as the credit card. Paper money because elasticity is very helpful for government.
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