हिंदी

State with Reasons Whether the Following Statements Are True of False. Credit Cards Are Used for Cash Payments. - Organisation of Commerce and Management

Advertisements
Advertisements

प्रश्न

State with reasons whether the following statement true of false.
Credit cards are used for cash payments.

विकल्प

  • True 

  • False 

MCQ
सत्य या असत्य

उत्तर

Credit cards are used for cash payments: False
Explanation:
The statement is false. Credit cards are used for making payments on credit. When a person uses a credit card to purchase goods and services, there is no physical exchange of money. However, the amount is paid to the seller by the card-issuing bank; that is, the seller’s account is credited and the cardholder’s account is debited.

shaalaa.com
Payment Mechanism
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Emerging Modes of Business - True or false [पृष्ठ ९७]

APPEARS IN

मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 3 Emerging Modes of Business
True or false | Q 2 | पृष्ठ ९७
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×