Multiple choice technology mainframe

In RM database status code 02 means

  1. Account cancelled for collection

  2. Account being cancelled for inactivity

  3. Account cancelled and transferred to another account number

  4. Card cancelled due to death
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B Correct answer
Explanation

In legacy card management systems, the RM database tracks specific card and account status codes. Status code 02 indicates that an account is pending cancellation or is being cancelled specifically due to inactivity. Other codes represent cancellation due to cardholder death, collection procedures, or account number transfers.

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