Which of the following banking payment methods is commonly referred to as plastic money?

Multiple choice question for Basic of Economics. Select an option, then review the explanation below.

Explanation

Among the listed options, credit cards are widely recognized as plastic money because they are physical plastic cards used for making payments, unlike bearer checks, demand drafts, or gift vouchers.

Practice related questions from the same subject.

1.Which of the following best describes deflation?
2.Under what condition can two nations benefit from engaging in international trade?
3.Which of the following represents a legitimate form of currency?
4.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
5.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?

Which of the following banking payment methods is commonly referred to as plastic money?

Explanation

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