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An electronic card that is preloaded with a set amount of money is known as a

A. smart card
B. debit card
C. cash card
D. credit card

User Avrgebro
by
8.0k points

2 Answers

0 votes
I believe the answer is C
Cash Card
Hope this helped:)
User Geeky I
by
8.0k points
4 votes

Answer: C. Cash Card

Explanation:

A. Smart card is a card that is built with a chip to undergo financial transactions. It can be debit card, cash card or credit card.

B. Debit card is a card that is linked to savings account and whatever balance is there in the savings account can be withdrawn through ATM or used for merchandize purchase with a certain cap limit.

C. Cash card is a card in which a certain amount is preloaded and can be used for the purchase or withdrawal. These can be gift cards as the amount is preloaded.

D. Credit card is a card where the customer can buy or use the card with a certain limit and pay the amount used after a specific interval of time. It allows the customer to purchase the goods or services on credit.

Therefore, the answer is C. cash card.

User Marcus Jones
by
8.5k points
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