Question 1Single Answer
The prepaid payment instruments are classified under three categories VIZ. closed, semi- closed and open.
Consider the following statements regarding open prepaid payment instruments.
I. They are issued by a person for facilitating the purchase of goods and service from him
II. The permit cash withdrawal from ATMs
III. That can be used for purchase of goods and services at any card accepting merchant locations (point of sale terminals)
Which of the above statements is/ are correct ?
Consider the following statements regarding open prepaid payment instruments.
I. They are issued by a person for facilitating the purchase of goods and service from him
II. The permit cash withdrawal from ATMs
III. That can be used for purchase of goods and services at any card accepting merchant locations (point of sale terminals)
Which of the above statements is/ are correct ?
