Question : Which of the following is a feature of a debit card?
Option 1: Credit limit is fixed
Option 2: Interest is charged on the outstanding balance
Option 3: Cash withdrawals allowed at any time
Option 4: None of the above
Answer (1)
14th Jan, 2024
Correct Answer: Cash withdrawals allowed at any time
Solution : The correct answer is (c) Cash withdrawals allowed at any time
A debit card is a payment card that is linked to a person's bank account and allows them to make electronic transactions and access their funds.
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