A) Visa Cards
B) Vault Cards
C) Credit Cards
D) E-purse
E) Debit Cards
Correct Answer: E
Solution :
Debit card works under the "Buy now, Pay now" principle. It can be used to purchase goods. The balance in the account determines the spending limit and has a better control on the spending of the card holders. There is no monthly bills or outstanding in case of debit card. The account will be instant debited to the extent of purchases made with a debit card. There is no need to carry cash to make purchases or pay for shopping, Hotel, Fuel, Travel, Hospital. Theatre, etc.
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