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FINANCIAL EDUCATION

LEARNING VAULT

Know Your Banking - General Banking
Credit Cards

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1. Having an account with the card issuing bank is a must for applying for credit card of the bank.

True
False

2. Credit cards allows certain credit period to the user to make payments to the bank in respect of purchases/payments made with the card whereas in case of debit cards the card holders account is debited/charged immediately.

True
False



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