Multiple choice

Which of the following statements is correct in respect of Credit Card?

  1. While purchasing something, the buyer customer neither pays in cash not gives a cheque to seller

  2. The customer can buy goods on credit through a Credit Card upto a certain limit

  3. Both of the above

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

Credit cards allow transactions without immediate cash or check payment and provide a credit limit for purchases, making both statements correct.

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