Multiple choice technology

Changing Credit Limit of a card through online screen is which type of transaction.

  1. Monetary

  2. Non Monetary

  3. Not a Transaction

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Changing a credit limit is a Non-Monetary transaction because it modifies account parameters without processing a financial charge or payment. Monetary transactions involve actual money movement like purchases, payments, or fees, while non-monetary transactions include administrative changes like limit updates, address changes, or card replacements.

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