GK
BANKING AWARENESS AND SEBI
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Credit cards are cards which are also known as
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Card money
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Plastic cards
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Plastic cards full of money
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All of the above
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Explanation:
Detailed explanation-1: -Credit card is also known as plastic money . Credit Card is a small plastic card that is issued by financial institutions such as banks.
Detailed explanation-2: -A debit card, also known as a check card or bank card is a payment card that can be used in place of cash to make purchases. The term plastic card includes the above and as an identity document.
Detailed explanation-3: -The cards were made of plastic, which was a new material at the time. Plastic money is also used to describe debit cards and prepaid credit cards.
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