When a Customer Purchases an Item with a Debit Card

question 209

Multiple Choice

When a customer purchases an item with a debit card,

• A) they actually are taking out a short-term loan with 30 days to pay before any interest is charged.
• B) the payment flows first through an electronic clearinghouse which then sends the customer a bill.
• C) the transaction duplicates the process of a credit card.
• D) the funds are automatically transferred from the customer's account to the store's account.

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Definitions:

Empathize

The ability to understand and share the feelings of another.

Egocentric Child

A developmental stage in children where they perceive, understand, and interpret the world primarily from their own perspective.

Piaget

Jean Piaget was a Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development in children.

Cognitively Limited

Describes a condition or state where an individual's mental capacity is restricted in understanding or processing information.