Download merits and demerits of plastic money

The seven advantages of plastic money called as the credit. Why plastic money could be your new best friend incentives by the modi government. 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. Some of the drawbacks or risk related to cards are. A credit card is a small plastic card issued to users as a system of payment. The money used to pay for the transaction is usually deducted from your. Found 6 results for swissphone psw629 swissphone de920 the digital profipager with even more features and functions original size the most important performance features at a glance. In the beginning iron, copper, tin, bronze, nickel, lead, gold, silver etc were used. It allows its holder to buy goods and services based on the holders promise to pay for these goods and services. Merits and demerits of plastic money based on experiences. What are the advantages and disadvantages or merits and. A study on the importance and popularity of plastic money in aluva doi. Within three months they managed half a million cardholders.

Unbacked money has always collapsed within forty years. When a business grows beyond a particular size, problems arise in coordination. Project report on plastic money in india free download as word doc. Easy to handle it prevents to carry out heavy wallets, hence, reducing the chances of theft. This existed during the town economy stage or during the premachine age. According to the oxford dictionary online, demerit does still mean disadvantage in british english. An abstract on plastic money pdf download by sasidhar karetimarch 01, 20 0. A study on the importance and popularity of plastic money in aluva.

With a credit card, youre spending money you dont necessarily have yet. Coordination of all their activities would prove to be difficult. Promoting downstream plastic processing and allied industries, we have. To make the monetary transactions more transparent. Money one of the most important factor for living life. Merits and demerits of plastic money based on experiences of. 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. But if we observe the present day problems we find that money also played an important role in creating and promoting these problems. Rate it using the stars above and let us know what you think in the comments below. This makes the bags stay in environments longer, in turn leading to great buildup on the natural landscape much more than degradable materials like paper. There is no need to carry big bulks of cash in the wallet. For extremely valuable discussions and feedback throughout this project. This can save you money on interest charges and help you pay down debt.

Use custom search function to get better results from our thousands of pages use for compulsory search eg. The whole procedure of obtaining the plastic money needs to be authentic. Chargit chargit was the first actual bank card and was issued in 1946. Advantages and disadvantages of plastic full essay in points disadvantages of plastic. Advantages and disadvantage of all things in the world. I have a suggestion to increase the use of plastic money. Merits and demerits ensure that each cadet is fairly rewarded or punished for their actions within the unit. No nauud x y lulusis goar uly7dxs x aday a dor dy2232k 35 47l 3850rm 42 55 explain difference between gdp deflator or inflation rate. Plastic is strong and water and chemical resistant. Jul 06, 20 if the money is backed by something of value it is ok. Technology here means use of plastic money, plastic money can be your debit or credit. Easy access to money in the situation of instantaneous want for money, one can withdraw debit the demanded cash amount from the account and.

Plastic money is one of the most common reasons for it. Read on to discover 10 merits and demerits of technology we are sure that by the end of this article you will have a firmer opinion about technology. The usa is now in its 42nd year since nixon abolished gold backing, and is in the fifth year of a slow noisy collapse. The website offers advantages and disadvantages from whole things in the world, in points and details with images. At present people are being asked to pay extra to use cards in retail outlets. Cardsplastic money is not a complete replacement for cash. It takes plastic fraud stateoftheart thieves are concentrating on plastic cards ch. Whenever it opens a new bank account, the bank gives it an atm i. We collected most searched pages list related with project on merits and demerits of plastic money for 12th std and more about it. The answers provided by cason kim appear to hit the most immediate benefits so i wont repeat them here. Merits and demerits are tallies of notable activities that each cadet has done. It is basically synthetic matter material, which is made from a variety of several organic polymers, such as nylon, pvc, polyethylene etc.

We show that whenever money and credit coexist, equilibrium is. This research is an encomium on the charisma of plastic money, its usability and. There are several benefits of using debit cards as it the most popular way for cashless transaction. Get details of project on merits and demerits of plastic money for 12th std. It is not affected by extreme values hence is a good representative of the series. Moreover, consumer debt has been recorded a significant factor for a consumer to face financial. Merits and demerits synonyms and merits and demerits antonyms. Cards plastic money is not a complete replacement for cash. The disadvantages are just to make you aware of any risks, threats, etc so that you can use it carefully. Both abhishek menon and prithvi chatterjee have written answer to your question quite correctly.

To study how plastic money is changing todays world. Peter, a young mba graduate joins a large software firm as a business development executive. Government can perhaps get into arrangements with companies like master card, visa or ru pay to achieve this. A single plastic bag can take up to years, to decay completely.

What are the benefits of using plastic money cashless. In spite of various demerits, caste system in india has been proved to be a stabilizing and interacting force. Top synonym for merits and demerits another word for merits and demerits is advantages and disadvantages. Read this comprehensive essay on merits and demerits of caste system in india. 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. First of all, to has many must be changed to to have many. To explore how scammers take advantage of ordinary peoples. It cannot be denied that since its origin it has served the development and preservation of hindu.

Credit card reliance and have cooked up many ways to help you. Based on experiences of peoples 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. Disadvantages of plastic negative effects of plastic. With a history of plastic money, you cannot ignore charge cards. These cards mainly just kept customers loyal to the company. Organized by topic along with a large collection of the topics of health, education, energy, donation, technology, software, hardware, computers, plants. Demonetization, currency, plastic money, debit card. The issuer of the card 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. Plastic disadvantages negative effects of plastic today, you can hardly look around you and not spot some item that is made entirely from plastic or has some plastic ingredient. The use of a debit card in this manner may have a daily limit, with the maximum limit being the amount of money on deposit. 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. Merits and demerits of plastic money based on experiences of peoples free download as word doc.

Please note a few points before we look at the disadvantages of plastic money. Your credit score is a measure of how creditworthy you are that is, how likely you are to pay money back on time when you borrow it. Advantages and disadvantages of plastic essay in points. Are you looking for project on merits and demerits of plastic money for 12th std.

What are the advantages and disadvantages of credit cards. If the money is backed by something of value it is ok. As like advantages the first disadvantages of plastic is the strong and durability is beneficial when it comes to protection but these same features turn evil when it comes to decomposition. To study the merits and demerits of plastic money based on experiences of people. What are the advantages and disadvantages of plastic money. The seven advantages of plastic money called as the credit card. May 18, 2012 merits and demerits to customer merits convenience allows a short term credit to customer provide more fraud protection than debit cards. Nov 11, 2011 merits or advantages of gold standard. Two types of cards are in trend nowadays under plastic money. Various products of plastic are available for household and other purposes. Suggestion for merits and demerits of plastic money 11689741 1. Dec 29, 2014 about some of the advantages and disadvantages of plastic in brief. This article gives you a brief idea of the main advantages and disadvantages of plastic money. Contd the unnecessary formalities should be reduced in order to obtain the plastic money.

Disadvantages or demerits of large scale production. Plastic money had fascinated me from a long time and i was curious to go into the details about its usage,this project gave me ample oppurtunity to do so. So let us check it out some advantages and disadvantages one by one. Membership fees annual or monthly, sometimes a percentage of the credit limit. Companyissued charge cards can be found as far back as the early 1900s. Advantages of plastic money there are several advantages of plastic money as. Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Mode is the term that occur most in the series hence it is not an isolated value like median nor it is value like mean that may not be there in the series. Pdf plastic moneycredit cards charisma for now and then a. Only then we will be able to use cards carefully and wisely.

Study of merits and demerit of plastic money based on. There are many advantages of plastic money attached to it. Merits are positive tallies and demerits are negative tallies. Plastic money definitely provides an alternative in some cases and compliments cash as a medium. As it is said, money can serve as a good slave, but not as a good master. So far ive been sounding like a nice, pleasant bank executive who is convincing you to open an account. Perceptions about plastic money towards sustainable. Plastic money free download as powerpoint presentation. 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. The issuer of the card grants a line of credit to the.

A study on impact of demonetization on increased use of plastic. Im not saying that cards are not useful because of these drawbacks. Using contrasting words merit and demerit in a sentence. Merits demerits plastic money based experience people jobs.

This is the most popular method of cashless online payment method. The money as medium of exchange played an important role by having put to an end the demerits of barter system. The plastic cards began to be used widely after 1970 when the specific standards were set for a magnetic strip. Plastic consumes very less energy for recycle compared to glass. They come in several forms such as debit cards, credit cards, store cards and prepaid cash cards. Plastic money its technical and monetary importance educba. Using a credit card regularly, and paying the bill on time, is one of the easiest ways to build your credit history and develop a strong credit score. Swissphone psw plus,free swissphone psw plus download. It is hard to break down which means that the landfills and seas being affected by plastic will. Plastic money gives us an easy and extended purchasing capacity which results in an extra and unwanted buying. Plastic money has provided us with the ease of conducting transactions in our. Advertisements should be given through tvs, magazines and hoarding to have maximum reach because the respondents perceive these as important promotional tools. This only proves that from its inception up to now plastic has managed to become popular building material of millions of useful items, but it is not perfect. Charge cards laid the groundwork for debit and credit cards.

Not only can transactions be done in atm machines, but cashless online payment can also be done. Advantages and disadvantages of having a debit card. Beginning with a small group of cardholders and merchants, the bank began to license regional financial. Through this research, i came to know about so many new things about these lovely polymerized pieces.

Like an atm card for immediate withdrawals of cash. Government can perhaps get into arrangements with companies like master card, visa or. Merits and demerits of plastic money explain difference between gdp deflator or inflation rate. Saves the time spent on repeated visits to the banks. Is it possible to either subsidize or incentive the use of card and reduce the use of cash. When the country is on gold standard, currency can not be over issued. Merits and demerits of plastic money based on experiences of peoples. Gold standard receives the confidence of the public much more easily and quickly than any other standard. Gold standard provides stable price level in the country.

Despite the lending industrys lessthancentered ways, credit cards can be a tool for. Some pos terminals allow the user of a visa or mastercard debit card to choose whether the purchase is a credit or debit purchase. Swissphone psw429 download download merits and demerits of plastic money. There are disadvantages also, which are now the concern of rbi. With the drawbacks of commodity money and with economic advancement of the people, metals came to be used as money. Plastic money is also known as polymer money which was first introduced in the 1950s has reduced the risk of carrying huge cash. Most of us use plastic money today, but it is necessary that we clearly understand the merits and demerits of it. Now coming to your concern how dependent should should be people in india.

Plastic money is a term used to represent the hard plastic cards used in day to day life in place of actual banknotes. Here is the complete package about the advantages and disadvantages of plastic full essay in points. A study on the importance and popularity of plastic money in. 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. 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. This is generally performed on the thin sheet of aluminum or thin sheet of glass or plastic. However, plastic money has its share of issues that one must be careful about.

Nov, 2014 both abhishek menon and prithvi chatterjee have written answer to your question quite correctly. Many credit cards offer rewards and benefits packages demerits high interest and bankruptcy inflated pricing for all consumers weakens self regulation 14. But governments have always reneged on the deal and slipped the people counterfeit money. 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 debit card used in this manner is similar to a secured credit card. Technology has changed the way we deal with the purchase of goods and services in daily life. Can u send me a pic of a sum which was in individual series with mean,median,mod,standard deviation,mean deviation and quartile deviation method. Advantages and disadvantages of debit cards, arvest education. Plastic bags have been known to cause a lot of environmental damage. Suggestion for merits and demerits of plastic money. The use of plastic money raises many questions on technical security, control and audit systems, most favoured technology to detect frauds and operational problems, foreseeing and plugging the weak spots of the cryptography based system. What are the demerits and advantages of using plastic.