ICSE Class 10 Commerce 2019 Solved Papers
Show Para
Distinguish between :
SECTION - I
Distinguish between :
© examsnet.com
Question : 4
Total: 31
Debit Card and Credit Card
Solution:
Debit Card | Credit Card |
---|---|
(i) The account holder must have money in his account. | The balance in the account is not necessary. |
(ii) Debit card holder uses his own money. | Credit card holder is granted credit by the bank up to a specific limit, on which interest is payable. |
© examsnet.com
Go to Question: