Jayden Opened a Savings Account in a Bank, and the Bank

question 143

Multiple Choice

Jayden opened a savings account in a bank, and the bank issued him a card that can be used for various transactions. As Jaden does not prefer carrying cash all the time, he mostly uses the card to pay for all his purchases. His transactions are thus cashless, and the purchase amount is immediately deducted from his bank account. In this case, Jayden is using a _____.

• A) credit card
• B) debit card
• C) stored-value card
• D) fleet card

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Definitions:

Fringe Benefits

Additional benefits offered to employees beyond their normal wages or salaries, such as health insurance, paid vacation, and retirement plans.

Boycotting Meetings

involves intentionally avoiding or abstaining from attending meetings as a form of protest or dissent.

Pregnancy Discrimination Act

A federal law in the United States that prohibits discrimination against pregnant women in the workplace.

Maternity Leave

A period of absence from work granted to a mother before and after giving birth to recover and care for the newborn child.