21. What action should you take if you lose your debit or credit card?
a) Contact the issuer to report the loss immediately
b) Wait for the card to be automatically deactivated
c) Continue using the card until you notice unauthorized transactions
d) Only report the loss if the card is found in a public place
22. When using a credit card, what is the minimum payment required each month?
a) The full balance
b) 10% of the balance
c) The interest charges
d) A minimum amount set by the issuer
23. What is a grace period on a credit card?
a) The time allowed to return a purchase for a full refund
b) A period when no interest charges apply to new purchases
c) The time to dispute a billing error
d) A promotional offer for lower interest rates
24. Which card is NOT linked to a specific bank account or credit line?
a) Debit card
b) Prepaid card
c) Credit card
d) ATM card
25. What is the purpose of a cardholder agreement?
a) It determines the card’s credit limit
b) It outlines the cardholder’s responsibilities and the issuer’s terms and conditions
c) It provides the cardholder’s contact information
d) It specifies the card’s expiration date
