Question

Hard Question :-

⭐ What are the following cards ? explain it

• credit card
• debit card
• insurance card
• license card

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Need well explained answer ✅​

Answer 1

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Answer 2

Answer:

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• Credit Card

A credit card is a thin rectangular plastic card issued by financial institutions, which lets you borrow funds from a pre-approved limit to pay for your purchases.

• Debit Card

A debit card is a payment card that deducts money directly from a consumer’s checking account to pay for a purchase. Debit cards eliminate the need to carry cash or physical checks to make purchases directly from your savings.

• Insurance Card

the act, system, or business of providing financial protection for property, life, health, etc., against specified contingencies, such as death, loss, or damage.

• License Card

formal permission from a governmental or other constituted authority to do something, as to carry on some business or profession