46. Which card is commonly used for cash withdrawals at ATMs?
a) Debit card
b) Prepaid card
c) Credit card
d) Travel card
47. What is the process of credit card authorization?
a) The purchase is verified and approved by the card issuer
b) The cardholder’s identity is verified
c) The transaction is processed and funds are transferred
d) The card’s magnetic strip is read by the payment terminal
48. What is the purpose of a credit limit on a credit card?
a) The maximum amount of cash that can be withdrawn
b) The maximum amount of purchases that can be made
c) The minimum payment required each month
d) The interest rate charged on outstanding balances
49. True or False: Debit cards offer the same level of purchase protection as credit cards.
50. What is the purpose of a CVV2 (Card Verification Value 2) code on a credit card?
a) To verify the cardholder’s identity during in-person transactions
b) To authorize online transactions without requiring additional information
c) To reset the card’s PIN
d) To provide an additional layer of security for online transactions
