Multiple choice technology web technology

Who are the beneficiaries in using Credit Cards? How?

  1. Customer: - No need to carry money, safety, portable, etc.,Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc.,Bank/Issuer: - Installment Credit Card Association: - Interchange Fee

  2. Customer: - Interest on the purchase amount, charges, etc., Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc.,Bank/Issuer: - Authorized to decide on the repayment cycle

  3. Customer: - No need to carry money, safety, portable, etc.,Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc Bank/Issuer: - Interest on the purchase amount, charges, etc.,Network: - Interchange Fee

  4. Customer: - Earning on spending, safety, portable, etc.,Merchant: - Expands in wider area, increase in sales, promotions from acquirer, etc.,Bank/Issuer: - Interest on the purchase amount, charges, etc.,Network: - Interchange Fee
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Credit card beneficiaries: Customers get convenience/safety (not carrying cash), Merchants get expanded sales reach, Banks/Issuers earn interest/fees, Networks earn interchange fees. Option C correctly lists all four. Options A and B miss the Network beneficiary or misattribute roles. Option D incorrectly says customers 'earn on spending'. The claimed answer C is correct.

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