Which of the Following Is True About Debit Cards

question 74

Multiple Choice

Which of the following is true about debit cards?

• A) They are a source of credit similar to credit cards.
• B) There is usually a 2-business-day float period when they are used.
• C) They generally carry a fixed credit limit similar to credit cards.
• D) They result in an immediate withdrawal from the user's checking account.

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Definitions:

Irrelevant Information

Information that does not impact decision-making in a current context.

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The series of steps taken by individuals or organizations to choose a course of action among several alternatives.

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A professional specializing in accounting who focuses on internal financial processes, budgeting, and cost analysis to aid management decision-making.

Alternatives

Options or choices available in a given situation.