question_answer

Banks and other institutions have issued debt and credit cards, the purpose of both are

A)  the same, to make paperless payments

B)  different, since in credit card, the account is credited with the amount while in debit card the account is debited

C)  the same, there is risk weight-age of 125% in both the cards.

D)  different, since in debit cards interest for delayed period is charged while in credit cards no such interest is charged by banks

E)  None of these