IGCSE /Grade 7
Maths MCQ Based On Understanding debit cards and credit cards
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IGCSE Grade 7 Maths Understanding debit cards and credit cards
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Credit interest.
Immediate
Credit cards
Total with Interest
monthly
30-31 days
Credit card interest is usually applied to the outstanding balance if the full amount is not paid by the due date.
Debit cards offer more flexibility as they can be linked to various bank accounts, whereas ATM cards are associated with a single account.
Total amount with interest
A grace period refers to the time between the transaction date and the due date when you can avoid interest charges if the balance is paid in full.
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