What Is a Debit Card

question 131

Multiple Choice

What is a debit card?

• A) The same thing as a demand deposit
• B) Money that moves along multiple channels of consumers and businesses via digital electronic transmissions
• C) A type of plastic money that immediately reduces the balance in the user's bank account when it is used
• D) An electronic purse that can be programmed with electronic money at ATM machines
• E) The same thing as a time deposit

---

Definitions:

Standard Deviation

A measure of the dispersion or variability around the mean of a set of data, used in finance to quantify the risk of investment returns.