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Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news ?
A
The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.
B
The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.
C
The charge to a merchant by a bank for accepting payments from his customers through the bank's debit cards.
D
The incentive given by the Government, to merchants for promoting digital payments by their customers through Point of Sale (PoS) machines and debit cards.