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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
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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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