also called a check card, allows you to make purchases by swiping your card through a point of sale(POS) terminal that is usually located at the merchants checkout counter

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

also called a check card, allows you to make purchases by swiping your card through a point of sale(POS) terminal that is usually located at the merchant’s checkout counter

A	debit card
B	credit card
C	ATM card

Explanation:

Detailed explanation-1: -What Is a Point-of-Sale Terminal? A point-of-sale (POS) terminal is a hardware system for processing card payments at retail locations. Software to read magnetic strips of credit and debit cards is embedded in the hardware.

Detailed explanation-2: -POS is the acronym for Point of Sales. A POS terminal is a machine installed at Merchant Establishments which enables the merchants to accept payments through payment cards (credit cards, debit cards, gift cards etc.).

Detailed explanation-3: -A point of sale (POS) is a place where a customer executes the payment for goods or services and where sales taxes may become payable. A POS transaction may occur in person or online, with receipts generated either in print or electronically.

Detailed explanation-4: -The correct option is D. Point of sale machine. Point of Sale machine is another name for a card machine that is used to swipe the debit/credit card.

There is 1 question to complete.