ECONOMICS PROJECT

[SUMMER
ASSIGNMENT]
Name- Sarthak Vinayak
Class- XI K
Adm no- 7121
DIGITAL MONEY WILL REPLACE
PAPER MONEY ? 
 1.what is digital money and
paper money ? 
 2. how's digital money is
making a change in the fast
growing world ? 
 3. merits and demerits of digital
money and paper money ? 
WHAT IS DIGITAL MONEY
AND PAPER MONEY ? 
 Digital money – Any means of payment that exists purely in
electronic form or by use of electronic devices is called digital
money . 
 Platforms where the transfer happens - paytm, google pay,phone
pay, paypal . 
 Paper money – paper money is the money in the form of banknote.
 Eg- cash 
WILL DIGITAL MONEY
REPLACE PAPER MONEY ? 
 There are many chances of digital money replacing paper money . Because in
today's growing world people prefer digital payments instead of cash or paper
money.
 Digital payments are more easy and handy as compared to paper money .
We don’t have to count the amount in digital money .
 We have to just insert the amount and click pay . And the very next
moment the transfer would be complet . 
 IS DIGITAL MONEY BETTER

THAN PAPER MONEY
Digital money is not only safer but also a
? 
lot more secure. Most banks and financial
institutions will offer the transfer of money
via electronic means. This means that the
bank cannot trace the money back to you.
Another reason that digital money is better
than cash is because it is very easy to track.
MERITS AND DEMERITS OF
DIGITAL MONEY .
MERITS-
1. Digital currencies require lower fees.
2. Simpler international payments.
3.The volatility of prices . 
DEMERITS- 
1.Scalability
2.Cybersecurity issues
3. sometimes online scam 
MERITS AND DEMERITS OF
PAPER MONEY . 
MERITS - 
1.Cheap Remittance
2.Advantageous to Banks 
3.Elasticity
DEMERITS - 
1.Demonetization. The demerit of paper money is that the holder may have to suffer loss
2.Monetary Mismanagement
3. Troubling Balance of Payments
THANK
YOU