Question

What are cards used for cashless transactions often called?

• A. Metal Money
• B. Plastic Money
• C. Paper Money
• D. Digital Money

Answer 1

Answer:

B. Plastic Money

• Cards that can be used to meet the needs without carrying cash are known as plastic money
  

Some key points about plastic money:

1. These include credit cards, debit cards, and other payment cards

2. They provide a convenient alternative to carrying physical cash

3. They enable electronic/digital transactions

4. They are made of plastic material, hence the name "plastic money"

5. They have become increasingly popular with the growth of digital payments and e-commerce