Which card one has to made in advance payment
a) Credit card b) Debit card
c) Smart card d) Gold card
Answers
Answer:
Credit Card
Explanation:
Used to make an advance payment, where in the amount will be deducted now and you have to repay it later .
Answer:
a) Credit card
Credit card is one has to made in advance payment.
Explanation:
Advance payments are an umbrella term for any income that is gotten in advance of goods and services being conveyed and payments being acquired by the organization.
With the money in-advance instalment technique, the exporter can wipe out credit risk or the risk of non-instalment since the instalment is gotten before the exchange of responsibility for the merchandise. Wire moves and credit cards are the most normally involved cash-in-advance choices accessible to exporters.
A credit card permits cardholders to acquire assets with which to pay for labour and products with vendors that acknowledge cards for instalments.
A few exchanges are treated as a loan despite the fact that you never actually pulled out cash on your credit card. For instance, assuming your credit card is set up for overdraft insurance, the overdraft sum will be treated as a loan.