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How does a debit card transaction differ from a credit card transaction?
  • a)
    Debit card transactions involve immediate payment from the cardholder's bank account.
  • b)
    Credit card transactions involve immediate payment from the cardholder's bank account.
  • c)
    Debit card transactions involve deferred payment over a specified period.
  • d)
    Credit card transactions involve direct cash withdrawals.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
How does a debit card transaction differ from a credit card transactio...
Debit card transactions involve immediate debiting of the cardholder's bank account for payment, while credit card transactions involve deferred payment over a specified period.
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How does a debit card transaction differ from a credit card transaction?a)Debit card transactions involve immediate payment from the cardholder's bank account.b)Credit card transactions involve immediate payment from the cardholder's bank account.c)Debit card transactions involve deferred payment over a specified period.d)Credit card transactions involve direct cash withdrawals.Correct answer is option 'A'. Can you explain this answer?
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How does a debit card transaction differ from a credit card transaction?a)Debit card transactions involve immediate payment from the cardholder's bank account.b)Credit card transactions involve immediate payment from the cardholder's bank account.c)Debit card transactions involve deferred payment over a specified period.d)Credit card transactions involve direct cash withdrawals.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about How does a debit card transaction differ from a credit card transaction?a)Debit card transactions involve immediate payment from the cardholder's bank account.b)Credit card transactions involve immediate payment from the cardholder's bank account.c)Debit card transactions involve deferred payment over a specified period.d)Credit card transactions involve direct cash withdrawals.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How does a debit card transaction differ from a credit card transaction?a)Debit card transactions involve immediate payment from the cardholder's bank account.b)Credit card transactions involve immediate payment from the cardholder's bank account.c)Debit card transactions involve deferred payment over a specified period.d)Credit card transactions involve direct cash withdrawals.Correct answer is option 'A'. Can you explain this answer?.
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