Write about the following topic: Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this. Give reasons for your answer and include any relevant examples from your own knowledge or experience.

It is undeniable fact that online payments and monetary transactions are in demand in comparison to coins and notes. In my opinion, it has several merits likely it is convenient to use and forbids thé illicit activities.
However
, it has some drawbacks
such
as
certain
Add an article
a certain
the certain
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set
Fix the agreement mistake
sets
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of
seller
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sellers
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do not accept
this
currency.
To begin
with, the exchange of money has become quite comfortable between the customers and the sellers. To be more precise, in the cutting edge ,technology plethora of
requirement
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requirements
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such
as restaurant, taxi fare, airfare and lodging tickets and many more as ít instantly transfer to the payee account without any delay and the unnecessary arguments related
transactions
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to transactions
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as the exact amount hás credited from the bank. So, the payee has proven.
Moreover
, the government introduced essential guidelines
for instance
, everyone has to link their unique identification card number to their bank or plastic cards, limited funds can be transferred in a certain period of time and a PIN number is mandatory while making any online transactions to refrain their money or any activity.
On the other hand
, it has some drawbacks as well. It is not acknowledged by multifarious local sellers for purchasing products. As some local shopkeepers
such
as groceries,
milkman
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milkmen
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, and
vegetables
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vegetable
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seller refuse to take these soft currencies because their monthly sales do not reach
to
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apply
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a large scale
that
Correct pronoun usage
which
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gerates
Correct your spelling
generates
a need to open an account with these institutions.
Consequently
, people are compelled to use cash
instead
of electronic funds. In conclusion, it cannot be denied that electronic
fund
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funds
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have
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has
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taken a place of notes and coins.
Although
,
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apply
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I do not agree
that is
various benefits Waah
to use
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uses
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but
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apply
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there are
few
Correct article usage
a few
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downside
Change to a plural noun
downsides
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to them,
it
Correct word choice
and it
show examples
is not acceptable
by
Change preposition
to
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everyone.
Submitted by Prabhkaur0914 on

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Topic Vocabulary:
  • plastic money
  • credit cards
  • debit cards
  • banknotes
  • coins
  • cashless transactions
  • contactless payments
  • financial footprint
  • fraudulent activities
  • identity theft
  • overspending
  • ATM withdrawals
  • cashback rewards
  • interest rates
  • e-wallets
  • digital economy
  • banking infrastructure
  • cybersecurity
  • economic efficiency
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