What distinguishes a debit card from a credit card in e-banking?*1 pointa) It operates on a credit basisb) It is used for large transactions onlyc) It operates on a cash basisd) It is not accepted at retail stores

Explain any four differences between debit card and credit card

Which statement is true of both credit cards and debit cards?A.They are accepted by all merchants.B.They are linked to a checking or savings account.C.They have unlimited lines of credit.D.They offer convenience and fraud protection.SUBMITarrow_backPREVIOUS

Which statement best describes purchases made with a debit card?APurchases made with this card are subject to interest.BPurchases made with this card can be paid over time.CPurchases made with this card are withdrawn directly from a bank account.DPurchases made with this card are subject to a credit limit.

What is an advantage of debit and bank credit cards over offering customers credit terms?Select answer from the options belowreceipt of cash is guaranteedthere are no fees associated with accepting bank credit cardsthere are no advantages to bank credit or debit cardsmore sales would be made if only credit terms were offeredSave for LaterSubmit Answer

d) Describe the following modes of e-payment giving two advantages and twodisadvantages for each. (8 Marks)a) Credit cardb) Electronic cash