MCQOPTIONS
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| 1. |
Banks fix separate cash limit and overall spending limit for each credit card. What is the disadvantage in withdrawing cash on credit cards? |
| A. | Cash withdrawn means the credit balance is reduced |
| B. | An amount is charged by the bank as cash withdrawal fees |
| C. | Cash withdrawal fees together with tax is charged to the card holder |
| D. | Less time is given for payment as compared to other debits for purchases |
| E. | None of these |
| Answer» D. Less time is given for payment as compared to other debits for purchases | |