Question

1. On the basis of your reading of the passage, answer any eight of the following questions briefly:

(a) A plastic card that provides a cardholder access to his or her bank account is...
(b) Most cards relay a message to the cardholder's bank to withdraw funds from a...
(c) The second fastest growing market for financial cards in Asia-Pacific region is...
(d) There are... kinds of debit cards.
(e) Why are cards which require a PIN safer?
(f) Mention any two advantages of a debit card.
(g) What is EDC ?
(h) What can a thief who obtains a debit card, do?
(i)The opposite of fraudulent is...
(i)counterfeit
(ii) forged
(iii) phony
(iv) authentic​

Answer 1

Answer:

1. A plastic card that provides a cardholder access to his or her bank account is Debit Card
2. Most cards relay a message to the cardholder's bank to withdraw funds from a cardholder's designated bank account.
3. The second fastest growing market for financial cards in Asia-Pacific region is India.
4. There are two kinds of debit cards.
5. cards which require a PIN safer because even if they are lost or stolen , thieves cannot use them unless they know the Pin.
6. i) Faster payments mean better budgeting

ii)Debit cards are linked to interest-earning account

7. EDC (Electronic Data Capture) machines are used for accepting payments at all retail outlets.

8.The most critical step is to contact your bank—immediately.If you notify your bank before thieves use your card, you aren't responsible for any charges.

9.The opposite of fraudulent is authentic

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Answer 2

Answer:

Explanation:

(a) A plastic card that provides a cardholder access to his or her bank account is...

(b) Most cards relay a message to the cardholder's bank to