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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Briefly explain the term - Credit card. - Commerce

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Question

Briefly explain the term - Credit card.

Short Note

Solution

Banks issue credit cards to customers and other eligible persons. With this card, the holder can purchase goods and services on credit at any shop in India.

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Electronic Banking Functions
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Chapter 12: Functions of Commercial banks - Exercises [Page 116]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 12 Functions of Commercial banks
Exercises | Q II. 3. | Page 116
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