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प्रश्न
What is plastic money? Give example.
उत्तर
- The latest type of money is plastic money.
- Plastic money is one of the most evolved forms of financial products.
- Plastic money is an alternative to cash or the standard “money”.
- Plastic money is a term that is used predominantly in reference to the hard plastic cards used every day in place of actual bank notes.
- Plastic money can come in many different forms such as Cash cards, Credit cards, Debit cards, Pre-paid Cash cards, Store cards, Forex cards, and Smart cards.
- They aim at removing the need for carrying cash to make transactions.
APPEARS IN
संबंधित प्रश्न
Choose the correct option:
Arrange in the order of evolution of money
- Metallic money
- Animal money
- Metallic coins
- Commodity money
Suggest an economic term for the given statement:
Provision for making payments in future- ________
Identify and explain the concept from the given illustration:
Vasantsheth provides coal from his shop to farmers in exchange of food grains.
State with reason whether you Agree or Disagree with the following statement:
There are no difficulties in the barter system.
Money is ______.
The paper currency system is managed by the ______.
“Money can be anything that is generally accepted as a means of exchange and that the same time acts as a measure and a store of value”, This definition was given by ______.
What is barter?
What is commodity money?
Write a note on metallic money.
Explain the functions of money.
Explain why the purchasing power of money falls when the price level rises.
