WRITING TASK 2
You should spend about 40 minutes on this task.
Present a written argument or case to an educated reader with no specialist knowledge.
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.
Write at least 250 words.
Sample Answer:
In today’s modern society, plastic money replacements such as credit and debit cards have become increasingly popular, surpassing the use of traditional banknotes and coins. This shift towards digital transactions has brought about several advantages and disadvantages that are worth discussing.
One of the main advantages of using credit and debit cards is the convenience they offer. With a simple swipe or tap, individuals can make purchases without the need to carry large amounts of cash. This not only reduces the risk of theft but also makes it easier to track and manage expenses. Additionally, cards provide a sense of security as they can be easily canceled or frozen in the event of loss or theft.
Furthermore, credit and debit cards offer greater flexibility in terms of spending. Unlike cash, which has a set limit, cards allow individuals to make purchases beyond their current financial means, with the promise of repayment at a later date. This can be particularly useful in emergencies or when making large purchases.
On the other hand, the widespread use of plastic money replacements has also brought about some disadvantages. One of the main concerns is the potential for overspending. With the ease of swiping a card, individuals may be more inclined to make impulsive purchases, leading to financial strain and debt accumulation. Additionally, the convenience of cards may lead to a disconnect from the actual value of money, making it easier to overspend without realizing the consequences.
Moreover, the reliance on digital transactions poses a risk of fraud and identity theft. As technology advances, so do the methods used by cybercriminals to gain unauthorized access to personal and financial information. This calls for heightened vigilance and security measures to protect against such threats.
In conclusion, while the popularity of credit and debit cards has undoubtedly brought about convenience and flexibility in financial transactions, it is important to be mindful of the potential drawbacks, such as overspending and security risks. Finding a balance between the advantages and disadvantages of plastic money replacements is essential in making informed and responsible financial decisions.
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