Question

ASSERTION: There is a difference between a debit card and a credit card.

REASONING: A debit card card- holder must have money in his/her bank account. But in a credit card, the balance in the account is not necessary, as the cardholder is granted credit by the bank up to a specified limit.

Options

• A is true, and R is the correct explanation for A.

• A is true, and R is not the correct explanation for A.

• A is true, but R is false.

• A is false, but R is true.

Answer 1

A is true, and R is the correct explanation for A.

Explanation:

Both A and R are true, and R correctly explains A because a debit card uses available funds in the linked bank account for payments, while a credit card lets the bank extend a loan up to a set limit, so the current balance isn’t required.