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C- This video was posted on November 24, 2021.
R- The information shown relates to my topic because it's showing my side of the argument, which is keeping paper money.
A- The publisher of this video is EBM Scholars.
A- This information is supporting my claim because it's showing why credit cards shouldn't be favored. It's also showing the advantages of using paper money too.
P- The purpose of this video is to tell people why credit and debit cards shouldn't be favored, but paper money should be.

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Cash vs Digital Payment: Why Using Cash is Better than Credit or Debit Cards

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C- This information was published on October 27, 2019.
R- This information relates to my topic because it's arguing the debate of whether cash or credit should be used.
A- The source from this video is The Form Filler.
A- The information is against my claim because the video shown is favoring the side of using credit cards only, and not cash.
P- The purpose of this information is to discuss the argument of keeping paper money, or going all credit card.

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This picture is favoring the debit card side of the argument and giving its advantages and disadvantages. It's also going against my side of the argument for the advantages of paper money.

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The picture shown is laying out the pros and cons of each side of the argument, and letting you decide for yourself which side you're going to support.

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This picture is laying out the advantages and disadvantages of using cash, and using card. It's supporting both sides of the argument.

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The picture shown is representing the argument but in a neutral way. They're not favoring a side.

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This picture is also going against my argument but is still showing it in general. It's just favoring the credit card side.

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C- this information was posted on November 25, 2011
R- the article relates to my topic because it's giving advantages of keeping paper money
A- the source of this article is from Knoji
A- this article is supporting my claim because there giving good reason and advantages of keeping paper money, and that's what my claim is about
P- the purpose of this article is to give people the advantages of what keeping paper money can do

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Different types of paper money
By paper money is meant the paper currency notes as well as the cheques, where they are generally accepted. In our country, paper money consists of currency notes only. But in advanced countries like the U.K. and the U.S.A., where cheques freely circulate from hand to hand, cheques are also included in paper money. Further, promissory notes, bills of exchange and hundies also serve as money within a limited circle.

In ancient era, when notes were launched, they were supported by an accurately equivalent quantity in silver or gold set aside by the respective authority. Such notes could be exchanged for coins when needed and did nothing more than represent coins. They were representative paper money. American gold certificates (green backs) were of this type. This practice was very expensive and is no more current now.

Paper money is not completely supported by specie (i.e., valued metal) nowadays. Simply balanced reserves are preserved and a good degree of the paper money respites on citizens' self-confidence in the declaration of the respective authority, be it the management or the Reserve Bank of the nation. Such a currency is termed as the fiduciary issue (i.e., depending on trust or confidence). The total notes in circulation in India during week ended August 19, 1983 amounted to Rs. 17,987 crores nearly. This amount was backed by nearly Rs. 225.6 crores worth of gold, supplemented by foreign securities and securities of the Government of India. Thus, currency is of a fiduciary issue.

Advantages of paper money

Paper money has got several advantages and disadvantages. The following advantages can be mentioned:

1. Economical. Paper money practically costs nothing to the Government. Currency notes, therefore, are the most economical medium of exchange. If a country uses paper money, it doesn't require spending everything on the acquisition of gold for issuing coins. The loss which a country suffers from the wear and tear of metallic money is also avoided.

2. Convenient. Paper money is most convenient form of money. A hefty quantity can be transmitted easily in the pocket with no one knowing it. It is very risky to carry on one's person Rs. 5,000 in cash, but not in notes. It possesses, in a very huge quantify, the feature of manageability which a money matter ought to have. In a very small bulk, it can contain a very large value. Think of a currency note of Rs. 10,000.

3. Homogeneous. One essential quality in money is that it must be exactly of the same type. Even amongst the coins there are high-quality and awful coins. But currency notes are all precisely analogous. It is, consequently, a very suitable media of exchange.

4. Stability. The worth of paper money can be kept even by appropriately controlling its issue. That is why there are many advocates of 'managed' paper currency.

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5. Cheap Remittance. Money in the form of currency notes can be cheaply remitted from one place to another in an insured cover.

6. Fiscal advantages to the Government of the paper currency are undoubtedly very great, especially in times of national emergencies like a war. A modern war cannot be prosecuted by taxes or loans alone. All Governments have to resort to the printing press. In recent years, in India there has been great' inflation. We must remember that by this means our Government has been able to spend hundreds of crores of rupees on various ambitious programmes of development. Hence, within limits, the issue of paper money comes very handy to the government at the time of dire need.

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Advantages of paper money Different types of paper money By paper money is meant the paper currency notes as well as the cheques, where they are generally accepted. In our country, paper money consists of currency notes only. But in advanced countri

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C- this was published on June 13, 2016
R- this relates to my topics because it's giving the reasons why paper money should stay, and that's what my claim is
A- the publisher of the article is Jeremy Craig
A- the information supports my claim because it's giving reasons why paper money should stay, and why it's not leaving anytime soon
P- the purpose of this article is to inform people the reasons of why paper money won't be leaving anytime soon, and how people still benefit from it

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This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

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C- this source was published on March 16, 2021
R- this article relates to my topic because it speaks of keeping paper money and it's advantages and that's what my argument is about
A- the publisher of this source is Lisa C. Townes
A- this information supports my claim because they show the advantages of keeping paper money, and that's not a counterclaim against my argument
P- the purpose of this information is to show the facts and advantages of keeping paper money and why it could be useful

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Paper Money defined as currency note used as medium of exchange and issued by State Government. People consider currency notes is a kind of money which performs all the function as good medium of exchange.

Paper currency is convertible in the sense that it may convert in to gold and precious metals while it may inconvertible because it is not exchangeable in to coins.

Now a day's, Like Credit Cards (form of plastic money) paper money got more popularity than other forms of money.

4 Types of Paper Money

Representative Paper Money

Convertible Paper Money

Inconvertible Paper Money

Fiat Money

Advantages and Disadvantages of Paper Money

Life and death, Plus and Minus, Right and Left, Up and Down. There are always two aspects of each thing we see in our everyday life. Similarly, Paper money has pros and cons too. It is easy to produce, move paper money Economically and Humanly but it is also shorter in life.

Advantages of Paper Money

Paper Money is Economical

Currency Notes is economical in the sense that its face value is greater than intrinsic value. Cost of production is less than other forms of money. Like dollar note in USA is an example of Paper money.

Paper Money is More Elastic

Elastic means that its supply could be controlled easily. Government print more notes if there is higher demand and produce less if there is less demand. So, Government manages its production according to the requirement of an economy.

Price Stability

This kind of medium of exchange brings more price stability in an economy than other. Currency standard manage the mechanism of monetary policy. Price stability merit of paper currency reveals equality between its demand and supply.

Paper Money Free From Cyclical Fluctuations

In previous era cyclical fluctuations highly influenced the money standard especially gold. Cyclical fluctuations in business cycles transform from one country to another country which simultaneously influence the economy of trading partners. But after the evolution of paper currency this problem removed easily. While cyclical fluctuations do not influence the paper money.

Quick Usability

Currency Notes has the characteristic of quick usability because it is legal tender money. This kind of medium of exchange has the characteristic of easy acceptability because each note issued against certain amount of foreign security and gold reserves.

Paper Money Count Quickly

In the era of metal, people consume more time in counting. But paper money facilitates people in this regard. Now people count large amounts in few minutes and save their time.

Easy to Move

People use paper currency because it is easily transferable from one place to another place. While in case of gold standard it was difficult to move from one place to another place. So, Paper Currency is easy to transfer.

Safely Store

In gold standard people faced difficulties regarding the money security and sometimes they kept their savings to other persons. Large amounts increased the fair of theft but invention of paper currency reduces all these perceptions. Paper money could be accumulating easily because people will never face the problem of debasement or theft.

Greater Acknowledge

In previous era of money standard people lose confidence due to the problem of coin debasement; this is mostly happened in gold standard. But in case of paper Money highly acknowledge due to the lack of debasement.

Demerits or Disadvantages of Paper Money

Brings More Inflation

Government prints new notes without keeping specific reserves in their valet's. The excessive new notes printing increases the amount of money supply which further promotes inflation in an economy. This situation decreases the value of paper currency. While in case of gold standard there were less chances of inflation.

Unstable Exchange Rate

Another drawback of paper money is instability in exchange rate; wide fluctuations in external price against internal price negatively influence the international trade and domestic economic growth. Government adopt some polices to overcome such problems.

Lack of Long Lasting

This form of medium of exchange has faced the problem of durability because it can be destroy by insects and fire. While in case of gold standard people were easily stored it without any fear. So, currency notes lose the feature of long lasting.

Brings Uncertainty

Excessive amount printing new notes bring instability in the value of paper currency. These variations in paper money shattered the confidence of people and negatively influence business and economic growth.

Lack of Automation

Lack of automation is another drawback of paper money because it requires Government and monetary authority involvement. Without the interference of certain authorities that medium of exchange ruins the economy.

Unstable

Paper currency considers unstable because Government can easily increases or decreases its supply through printing new notes while ignoring the specific reserve condition.

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Advantages and Disadvantages of Paper Money [ Updated with Types ]

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Paper Money defined as currency note used as medium of exchange and issued by State Government. People consider currency notes is a kind of money which performs all the function as good medium of exchange. Paper currency is convertible in the sense that it may convert in to gold and precious metals while it may inconvertible because it is not exchangeable in to coins.

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C- this article was posted on April 27, 2016
R- the information is relating to my topic because it wants to get rid of paper money for good
A- the publisher of the article is Jacob Davidson
A- this information is against my claim because they're talking about the damages paper money can have and to get rid of it, while I'm for keeping it
P- the purpose of this information is to convince other people why paper money is a bad thing, and how it needs to be gotten rid of

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Just as the U.S. honors a new crop of heroes on its paper currency, influential economists are pushing for the end of cash. Here’s why.

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C- this article was posted on April 7, 2014
R- this article relates to my topic because it's arguing about why we shouldn't keep paper money, and why we still have it
A- the article was published by Richard W. Rahn
A- this goes against my claim because it's talking about getting rid of paper money, while I want to keep it
P- the purpose of this information is to inform and persuade people to get rid of paper money, and how dirty and useless it is

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Governments like electronic money payment systems that they can monitor, such as credit cards, but they don't like nongovernment created electronic monies and payment systems that they find difficult to monitor like bitcoin. So, predictably, last week the IRS ruled that bitcoin is not money, thus the users must report the capital gain and loss against the U.S. dollar for each transaction made with bitcoins. Even with advanced software, an individual who might use bitcoins for the purchase of many goods and services will find trying to comply with the IRS an accounting nightmare.

Some 15 years ago, I wrote a book forecasting the demise of paper currency. I expected paper currency to gradually disappear like paper checks have. However, I was wrong. Rather than disappearing, the demand for paper currency is rising faster than inflation or population, albeit not by much, but the total quantity of paper U.S. dollars in circulation is roughly double what it was a dozen years ago. The question is: Why?

One reason given for the decline in street crime is that individuals and small merchants tend to carry less paper cash on their person as they rely more and more on the various forms of electronic payment systems - thus reducing the supply of easy‐​to‐​steal paper currency by petty criminals.

Yet, at the same time, paper‐​currency balances per person are rising rapidly, which means that most people are keeping larger and larger cash hoards at their homes or offices, or elsewhere.

Despite its considerable drawbacks, paper currency has a couple of very important advantages over other forms of money. It is anonymous - meaning you can keep your spending confidential - which almost all people like to do at times, both for good and bad reasons. Most electronic money must be held by a third‐​party custodian - such as a bank, merchant, or cellphone company, and hence is easily liable to seizure by government agencies or other electronically sophisticated miscreants.

In an age where the IRS and various other government agencies have "asset‐​forfeiture" powers, they can seize bank accounts before one is convicted of any wrongdoing. Therefore, people have a real and justified fear of having all of their cash in the bank.

The global anti‐​money laundering police with their ever increasing "know‐​your‐​customer regulations" have made it much more expensive for banks and other financial institutions to provide basic financial services, such as checking and savings accounts. As the costs of servicing each account rises because of government regulations, banks understandably require larger and larger minimum balances and more and more documentation from each customer, all of which causes a reduction in the number of potential customers who meet the new requirements.

Those who cannot meet the new requirements (most often, the young and the poor) go unbanked. Without a bank account, people cannot get credit cards.

Obtaining airline tickets, hotel rooms, auto rentals, etc., is most difficult for those who do not have bank accounts and bank‐​issued credit cards. By necessity, those without bank accounts are driven into the cash economy, where their paper currency is hard to protect and often stolen.

Politicians and regulators love to grandstand about how their regulations are preventing tax evasion, money laundering, drug dealing and terrorist finance. In fact, many studies show that most of the regulations are ineffective and only serve to benefit those who write the regulations, compliance officers in financial firms, lawyers, accountants and, of course, the politicians who extort campaign contributions from those who are regulated.

The truth of the matter is that those who come up with the regulations are responsible for more diseases being spread (from paper currency), more people being robbed, higher costs and fewer services for everyone who uses financial services, and a more difficult and dangerous life for the poor and the young.

The rise in the use of paper currencies is a direct result of overly intrusive and abusive government. If governments were benevolent and respected individual property and privacy, most paper currency would disappear - and that would be all to the good.

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Governments like electronic money payment systems that they can monitor, such as credit cards, but they don't like nongovernment created electronic monies and payment systems that they find difficult to monitor like bitcoin. So, predictably, last week the IRS ruled that bitcoin is not money, thus the users must report the capital gain and loss against the U.S.