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Question
State with reasons whether the following statements are True or False
Credit cards are mostly used for online payment.
Options
True
False
MCQ
True or False
Solution
Credit cards are mostly used for online payment - True
Explanation: In e-business payments have to be made online. There is no physical exchange of cash across a counter. In credit card we can purchase the goods first and then we can pay the due to bank in a future time.
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Banking Services with Particular Reference - E-banking
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