BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many gift card a retail user can purchase in a year?
A
5
B
10
C
15
D
20
Explanation: 

Detailed explanation-1: -Based on the U.S. government legal regulations concerning limitations on gift card purchasing, within a 24 hour period: The maximum amount that can be purchased by a single person across multiple gift cards is $10, 000. The maximum amount that can be purchased by a single person for a single brand is $2, 000.

Detailed explanation-2: -Amazon.com Gift Cards are available in $15, $25, $50, and $100 denominations at participating grocery, drug, and convenience stores throughout the U.S. At select stores, you can also choose a variable denomination card, which can be loaded with any amount between $25 and $500.

Detailed explanation-3: -At any given time, 10% to 19% of gift card balances remain unredeemed-and around 6% of gift cards are never even used.

There is 1 question to complete.