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
The growth of plastic
money in the economy
and its impact on the
speed in economic
activity
Priyan
ka
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.
Types of plastic money
Cash cards Debit cards Credit cardsPrepaid cash
cards
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.
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.
Economy types
Mixed economy
Traditional economy
Command economy
Market economy
Rising card payment drive economic growth
The macroeconomic impact of card usage
Impact of electronic payment on
economy
Thank you