Which of the Following Statements Are Correct

question 151

Multiple Choice

Which of the following statements are correct?

• A) debit cards provide for the immediate direct transfer of deposit accounts
• B) debit cards may be used for cash advances, even when there is not sufficient money in the account
• C) debit cards may not be used to make cash withdrawals from automatic teller machines
• D) all the above

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Definitions:

Admits to the Contract

The act of acknowledging or affirming one's acceptance of the terms and conditions of a contract, making it legally binding.

UCC

stands for the Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.

Sufficient Electronic Record

An electronic document that contains all the necessary information to be legally recognized and enforceable.

Car Dealer

A business entity that sells new or used automobiles in a retail setting, typically operating under a dealership contract with an automaker or sales subsidiary.