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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY2 Marks
Question
What is credit card?
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Answer

A card allowing the holder to purouase goods and services on credit is called a credit card. Here, the holder borrows money from the bank on credit with an agreement of returning the money within the grace period provided by the bank.

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