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Commerce · Q990

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 990

Q990

Which one of the following statement is incorrect?

A.
ATMs are part of virtual banking
B.
A smart card is also known as Integrated Circuit Card (ICC)
C.
Credit card is a way to 'pay now', a debit card is a way to 'pay later'
Answer
D.
Debit cards are known as check cards

Answer: Option C

Solution

Answer: Option C
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