Question

Choose the circumstances in which a debit card can be used.

I. Point-of-sales transactions
II. ATM withdrawals
a.
I only
b.
II only
c.
I and II
d.
Neither I, nor II

Answer 1

Option 'C' is correct.

Explanation:

we have to choose the circumstances where debit card can be used.

Debit card issued by a particular bank can be used to point of sales transactions and ATM withdrawal too.

As functions of Debit Card are :

1) Point of sales transaction where any form of payment can be used such as debit cards, credit cards, mobile payments etc.

Point of sales transactions whenever you don't have cash with yourselves, then, we can use debit card.

Hence, debit cards used in Point-of-sales transaction.

2) For ATM withdrawals, we can use debit card, whenever we need a cash.

Hence, Option 'C' is correct.