Multiple choice technology

Changing Credit Limit of a card through online screen is a Non-Monetary transaction.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A monetary transaction involves actual transfer of funds or changes to account balances. Changing a credit limit is a parameter or configuration update - it modifies the account's constraints but does not move money or change the current balance. Therefore, it is classified as a Non-Monetary transaction.

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