ECONOMICS
MONEY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Credit Card
|
|
|
Debit Card
|
|
|
Bank Card
|
|
|
ID Card
|
Detailed explanation-1: -Ans: The debit cards can be used to withdraw cash from an ATM, purchase of goods and services at points of sale (PoS) terminals or e-commerce (online purchase). While they can be used domestically, the international usage is also allowed if requested by the holder of the card.
Detailed explanation-2: -While regular debit cards perform a real-time transaction from your bank account every time you make a purchase or ATM withdrawal, prepaid debit cards require you to load the card in advance via cash, checks, online transfers or a visit to a retailer.
Detailed explanation-3: -What is an ATM card? ATMs or Automated Teller Machines are mostly used to withdraw cash. If a bank allows it, you can also make deposits into an account during and outside regular business banking hours. This card can only be used at ATMs and requires a PIN (Personal Identification Number).
Detailed explanation-4: -Using a debit card at an ATM. You can either withdraw cash, deposit a check or cash, transfer money, or view your balance. After you’re finished with the transaction, be sure to take both your debit card and receipt with you.
Detailed explanation-5: -Visa Debit Card. MasterCard Debit Card. Maestro Debit Cards. EMV cards. Platinum Debit Card. 01-Mar-2023