Question

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Q. 6. Answer the following questions on the basis of the
following information :
Ganesh travelled to the mall by bus. He gave the
conductor * 10 coin for the ticket. He purchased many
commodities from the mall.
At the billing counter, he gave his credit card for
payment but the billing clerk informed him that only
debit cards were accepted. Since Ganesh had forgotten his
debit card at home, he offered to make payment by cash.
1) Identify the types of money used in the information
2) Explain any two of them.​

Answer 1

Answer:

coins/cash, credit card, debit card

Explanation:

credit card: A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company, that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.

cash:Cash is legal tender—currency or coins—that can be used to exchange goods, debt, or services. Sometimes it also includes the value of assets that can be easily converted into cash immediately, as reported by a company.

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