In Recent Years,the Use of Debit Cards Issued by Commercial

question 97

Multiple Choice

In recent years,the use of debit cards issued by commercial banks has skyrocketed.When you pay for a purchase at a store using a debit card,you are

• A)authorizing the transfer of cash from your bank account to the merchant's bank account.
• B)creating an electronic debt to the merchant.
• C)authorizing an electronic transfer of a money substitute from you to the merchant.
• D)authorizing an electronic transfer of deposit money from you to the merchant.
• E)authorizing the transfer of bank notes from you to the merchant.

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