Which of the following payment instrument introduced by banks is known as plastic currency?

Explanation

Considering the changing nature of the developing economy, banking instruments are also changing. To make transactions convenient, banks started issuing credit cards to their customers. Through a credit card, a customer can pay for the purchase of goods, and an amount equal to the purchase value is transferred from the customer’s bank account to the concerned party. Credit card, debit card and cash card are collectively known as “plastic currency.”