ICSE Class 10 Commerce 2019 Papers

SECTION - I

Distinguish between :

Question : 4 of 31

Marks: +1, -0

Debit Card and Credit Card

Solution:

Debit Card	Credit Card
(i) The account holder must have money in his account.	The balance in the account is not necessary.
(ii) Debit card holder uses his own money.	Credit card holder is granted credit by the bank up to a specific limit, on which interest is payable.

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