Which of the following is a special type of credit card with stored money value? A. Preset Value Card B. Stored Value Card C. Both(A) & (B) D. None of the Above  

1 Answer

Answer :

B. Stored Value Card Explanation: A stored-value card is a payments card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. Stored-value cards differ from debit cards, where money is on deposit with the issuer, and credit cards which are subject to credit limits set by the issuer.

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