Question

Which of the following is an example of cashless buying?
A. ATM withdrawal
B. Credit Card
C. Debit Card

• A. Only (A)
• B. Only (B)
• C. Only (A) and (B)
• D. Only (B) and (C)

Answer 1

The correct option is D Only (B) and (C)

Credit card and debit card are electronic generated card that acts as plastic money at the time of buying of goods and services. Debit card is used to withdraw money from your bank account at the time of payment for something and credit card is used to generate credit in the name of your bank account for the purpose of electronic payment.