Why Are Debit Cards Not Listed as Money

question 150

Multiple Choice

Why are debit cards not listed as money?

• A) They perform the same function as checks,and checks are counted as money.
• B) Debit cards cannot be used for payments at most stores.
• C) Debit cards draw on checkable deposits,which are already counted as money.
• D) Not all banks issue debit cards.

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Definitions:

Criminal Investigations

The process by which authorities (such as the police) inquire into the facts and circumstances of a crime to gather evidence for the prosecution of offenders.

Government In Sunshine Act

Federal law which requires that agency business meetings be open to the public if the agency is headed by a collegiate body (i.e., two or more persons, the majority of whom are appointed by the president with the advice and consent of the Senate); also requires that agencies keep records of closed meetings.

Agency Meetings

Meetings held by or at the behest of a governmental agency or department to discuss, inform, or decide on policy or regulatory issues.

Public Access

The ability of the general public to reach, use, or enjoy certain resources or facilities.