IGCSE /Grade 7
Maths MCQ Based On Understanding debit cards and credit cards
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IGCSE Grade 7 Maths Understanding debit cards and credit cards
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Debit cards draw funds from a bank account, whereas prepaid cards are loaded with a fixed amount and do not require a bank account.
Hint: Debit cards are connected to your bank account, and the funds are directly deducted from your account when making a purchase.
Debit card
Credit card interest is usually applied to the outstanding balance if the full amount is not paid by the due date.
monthly
Credit interest.
One must be cautious while using a credit card to avoid accumulating excessive debt and interest charges.
30-31 days
Debit Card payment method
The credit limit represents the maximum amount you can charge on your credit card without exceeding the set limit.
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