3. PART A MULTIPLE CHOICE QUESTIONS 1. You pay RM250 by using a card accepted for payment at a store. At the end of the month, you must pay the whole amount owned. This is an example of. A. credit card B. retail card C. charge card D. overdraft card 2. If you spend on certain affiliated restaurant by using CIMB Credit card, you are eligible for 10 percent discount. This is because your card is providing: A. customer sales service B. perk benefit c. waive fee D. loyalty program 3. The bank owned the car which is financed by a loan, until the loan is fully repaid by the borrower. This is characteristics of loan. A. hire purchase agreement B. purchase guarantee C. rental ownership D. long term installment Borrower of loan should adhere for what they may do and should not do which are specify in a document known as: A. loan application form B. loan covenants C. approval terms D. loan standard 5. The bank is eligible to take possession of property of the defaulted borrower if the loan is a/an: A. hire terms loan B. advance loan C. secured loan D. conditional loan 5