ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
credit card
|
|
|
debit card
|
|
|
fixed card
|
|
|
variable card
|
Detailed explanation-1: -A debit card is a payment card that deducts money directly from a consumer’s checking account when it is used. Also called “check cards” or “bank cards, ” they can be used to buy goods or services; or to get cash from an automated teller machine or a merchant who’ll let you add an extra amount onto a purchase.
Detailed explanation-2: -A debit card is a type of payment card that conveniently facilitates secure and easy payments both online and in-person. Debit cards differ from credit cards in that the money attached to the debit card comes directly out of a checking account rather than being borrowed and paid later.
Detailed explanation-3: -Debit cards let you buy things without carrying cash. You can use your debit card in most stores to pay for something. You just swipe the card and enter your PIN number on a key pad. Debit cards take money out of your checking account immediately.
Detailed explanation-4: -Visa card, MasterCard and Rupay Card are standard debit cards in India. Banks also offer contactless debit cards issued by the above-mentioned financial organisations. Your debit cards also serve as ATM cards in that you can make cash withdrawals and check account balances.
Detailed explanation-5: -Visa Debit Card. MasterCard Debit Card. Maestro Debit Cards. EMV cards. Platinum Debit Card. 04-Mar-2023