ICSE Class 10 Commerce 2023 Solved Papers

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Write any two differences between :
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Question : 20
Total: 39
Debit card and Credit card
Solution:  
 Debit card   Credit card
 (a) The account holder must have money in his account.  The balance in the account is not necessary.
 (b) 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.
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