Discussion Forum : Nabard & Other Bank Examinations
Question -
Which among the following is correct?
Answer: Option D
EFTPOS IS ACTUALLY AN ABBREVIATION. IT STANDS FOR ELECTRONIC FUNDS TRANSFER AT POINT OF SALE. OFFLINE DEBIT CARDS DEBIT THE AMOUNT SPENT TO A CARD HOLDER’S BANK ACCOUNT. AN ELECTRONIC PURSE IS THE STORE OF VALUE ON A CARD, WHICH CAN BE USED IN A MANNER SIMILAR TO CASH TO PAY FOR TRAVEL OR FOR OTHER SMALL-SCALE TRANSACTIONS.
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EFTPOS IS ACTUALLY AN ABBREVIATION. IT STANDS FOR ELECTRONIC FUNDS TRANSFER AT POINT OF SALE. OFFLINE DEBIT CARDS DEBIT THE AMOUNT SPENT TO A CARD HOLDER’S BANK ACCOUNT. AN ELECTRONIC PURSE IS THE STORE OF VALUE ON A CARD, WHICH CAN BE USED IN A MANNER SIMILAR TO CASH TO PAY FOR TRAVEL OR FOR OTHER SMALL-SCALE TRANSACTIONS.
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