Need and importance of plastic money. Needs and importance of plastic money for the economy 2019-02-17

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plastic money

need and importance of plastic money

The new twist was that American Express would extend the payment card concept to retail stores and service centers all across the country. Firstly Australia was the first who develop the plastic note which have longer life but after wore they are recycled for further utilizing. If it is stolen you may contact to bank. Retailer Aspirations in Plastic Card and Payment Systems — An International Comparison. Some cards even offer customers extra automatic-enter sweepstakes and draws.


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Is there a need for plastic money?

need and importance of plastic money

It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services. It has also saved precious time of the people and there is no need to carry lots of cash from one place to another. Although credit cards do facilitate transactions. Tutor Name: Claire Swanwick 6. Plastic cards finding more and more and usage of them has metamorphosed leaps and bound into thinner, more flexible and smarter looking cards of different attractive shapes and colours. Functions of money: Medium of exchange — enables people to exchange goods and services for other commodities Store of value — at home money loses value because of inflation so it is better to deposit financial assets with a bank.

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What is your opinion of plastic money?

need and importance of plastic money

Meaning Plastic money refers to credit cards, you use them whenever you want and pay later with interest, of course. Modern air conditioners are molded in plastic to ensure light weight appliances that can be installed in commercial and residential premises. From my point of view, there are a lot of achievements rather than money although I can live without it. However, option available is subject to a minimum repayment and interest charged on the balance outstanding amount. It makes it too easy for people to buy things they normally could not afford, which makes it easier to get into debt. Longevity: They last far longer around 2.

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plastic money wikipedia need and importance

need and importance of plastic money

A cash withdrawal fee of 2 percent to 3. Focusing on your individual credit card spending habit and establishing a positive routine for your spending will better help manage your credit. The best alternative is a reusable bag, which can save thousands of plastic bags over its lifetime. For the first time, people could pay for something without cash or checks. Some people believe that money can buy everything when the others assert that it cannot. Thus the age of plastic money has finally come to. There is no need to carry big bulks of cash in the wallet.

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Needs and importance of plastic money for the economy

need and importance of plastic money

Vehicles use plastic material because it optimizes the usage of power and make them more efficient. During the same time period as the advent of high technology electronics, another major change has taken place in the world of economics that will also help to usher in a cashless society and the Mark of the Beast. Parties involved: Cardholder: The holder of the card used to make a purchase; the consumer. Thus plastic cards are surely here to stay and for long as there no better option available. No, I doubt you would. Need for Portfolio Management Portfolio management presents the best investment.

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plastic money

need and importance of plastic money

The store card is provided by a particular shop that you can use to buy goods at that shop, and you will pay for the goods at a later date. It is not possible to cover them the exact offerings of these cards but I will highly advice you to check all these websites of the banks to get all the info about the credit cards they are offering. In fact, it is important to the life of people in many ways. A number of banks in India areencouraging people to use credit card. Scheduling marketing activities that take place weekly, bi monthly, monthly and quarterly will help you to avoid the feast or famine syndrome that most independent professionals fall prey to. In today's business world, modern plastic cards have been accepted cordially. If during such times, plastic money is your only source of cash, you can be in a tricky situation.

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What is your opinion of plastic money?

need and importance of plastic money

Two systems emerged as the leaders--Visa and Master Card. Plastic cards bring new convenience to your shopping and banking, but they can turn into nightmares in the wrong hands. Great Pacific Garbage Patch, Marine debris, Marine pollution 914 Words 3 Pages believing what others said. These cards may have no reward programs and may have fewer benefits, including fewer bonuses and services, than other cards. Biblical quotations used throughout this web site may come from one of several authoritative translations: 1. Merchants may also offer cash back facilities to customers, where a customer can withdraw cash along with their purchase. The standard rules of dividing your income into thirds to cover essentials and disposal expenses maybe difficult to constantly maintain.

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What Is Plastic Money?

need and importance of plastic money

Your business has many advantages when you accept debit cards. These are used by the departmental stores mainly as marketing tools to retain customers and increases turnover. However, whether or not it is actually the only thing people are interested in today is much of controversy. They suggested that convenience users of credit cards might find debit cards desirable because they did not need to write cheques at the end of each month to pay off credit card debits, and convenience users might find debit cards were helpful in controlling their spending since they could spend only what they had in their account. Transaction network: The system that implements the mechanics of the electronic transactions.

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Importance of plastic and usage in daily life

need and importance of plastic money

It comes handy specially when you are into a lot of travelling and carrying cash is a big hassle. Doing this helps identify the user of the credit card and is therefore considered safer. Today it is very easy to carry money without having a lot of cash or gold. However, banks only issue them to you if you hold an account with them. So be aware from credit cards fraud as they are like stolen your money from your pocket without your information.

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Importance Of Plastic Money Free Essays

need and importance of plastic money

Plastics can be found everywhere including seats, interior panel and polycarbonate windows. Plastic bank notes are made from a polymer, and have many advantages over the traditional paper notes. Plastic money is used to refer to the credit cards or the debit cards that we use to make purchases in our everyday life. This, incidentally, is true of debit cards as well; not only of credit cards. Chapter 3 : Future Scenario of Plastic Card 6-7 4. The stock markets are those which. The movement away from cash or the physical exchange of money to the use of credit cards and debit cards using electronic currency requires an elaborate underlying network to facilitate the transfer of information and funds.


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