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Ecommerce MCQs

What is the purpose of the CVM on the credit card?

It ensures that the card is not used over its authorized limit.

It ensures that the card is not used outside the card holders country.

It identifies the issuing bank or agency.

It insures that the card being used in a purchase is in the possession of its owner.

Answer

Correct Answer: It insures that the card being used in a purchase is in the possession of its owner.

Explanation:

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