The growth of plastic money in the economy and its impact on the speed in economic activity
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Transcript of The growth of plastic money in the economy and its impact on the speed in economic activity
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The growth of plastic
money in the economy
and its impact on the
speed in economic
activity
Priyan
ka
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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.
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Types of plastic money
Cash cards Debit cards Credit cardsPrepaid cash
cards
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Cash cards
• Allows you to withdraw money directly from your bank via ATM.
• But it will not allow the holder to purchase anything directly with it.
Credit cards
• It permits the card holder to withdraw cash from an ATM and allows the user to purchase goods and services directly.
• But, unlike a cash card the money is basically a high interest loan to the card holder.
Debit cards
• This type of card will directly debit money from your bank account and can be used to purchase goods and services.
• If an overdraft facility is available then the limit will be to the extent of the overdraft.
Prepaid cash cards
• As the name suggest, the user will add credit to the card themselves and will not exceed that amount.
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The state of a country or region in
terms of the production and
consumption of goods and services
and the supply of money .
Careful management of available
resources.
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Economy types
Mixed economy
Traditional economy
Command economy
Market economy
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Rising card payment drive economic growth
The macroeconomic impact of card usage
Impact of electronic payment on
economy
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Thank you