Question

An example of plastic money is ...............

• A. Debit card/Credit card
• B. Cheque
• C. Withdrawal slip
• D. Digital money

Hint:

Remember: If it’s a plastic card used for cashless payments — it’s plastic money!

Answer 1

The Correct Option is A

Plastic money refers to plastic cards issued by banks or financial institutions that can be used instead of cash for making payments.
Examples include debit cards, credit cards, smart cards, and prepaid cards — all of which are made of plastic and are portable and convenient.
These cards allow secure transactions, easy withdrawals, and cashless payments at stores, ATMs, and online platforms.
Unlike a cheque or withdrawal slip, which are paper-based and require manual processing, plastic money is instant and widely accepted.
Digital money is not necessarily plastic — it refers to currency in electronic form.
Therefore, debit cards or credit cards are the perfect examples of plastic money.