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Explain in brief Credit Card Fraud? - Commercial Studies

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Question

Explain in brief Credit Card Fraud?

Answer in Brief

Solution

  1. Credit card fraud includes both the theft of a credit or debit card and the fraudulent use of funds.
  2. Fraudulent behaviour may involve obtaining products for free or withdrawing funds from an account without authorization.
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Financial Fraudulent Practices
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Chapter 14: Banking - EXERCISES [Page 257]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 14 Banking
EXERCISES | Q 27. | Page 257
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